Canada's Crescent Point Energy Posts Smaller Quarterly Loss

Reuters

Nov 10 (Reuters) - Canadian oil and gas producer Crescent Point Energy Corp reported a smaller quarterly loss on Thursday, helped by lower costs.

The company's net loss narrowed to C$108.5 million, or 21 Canadian cents per share, in the third quarter ended Sept. 30, from C$201.3 million, or 40 Canadian cents per share, a year earlier.

Total average daily production fell 6.9 percent to 160,610 barrels of oil equivalent per day (boepd).

(Reporting by Vishaka George in Bengaluru; Editing by Sai Sachin Ravikumar)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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