Crescent Point Energy (CPG) has notable insider buying

Crescent Point Energy (T:CPG)

Crescent Point Energy Corp. (CPG) has a high amount of executive buying compared to its large-cap peers over the past three months and the stock grabbed the number 5 position in the April INK Top 30 Energy Report.Shelly Nicole Witwer, a Senior Officer, acquired 37,161 Common Shares on a direct ownership basis at prices ranging from $1.090 and $5.240 through an exercise of options on April 19th, 2023. This represents a $81,768 investment into the company's shares and an account share holdings change of 26.5%.

Crescent Point Energy Corp. is a Canada-based oil and gas exploration company. The Company is focused on the development of oil resource plays based in Calgary, Alberta. Its crude oil and natural gas properties and related assets are located in the provinces of Saskatchewan, Alberta and the United States. Its operating areas include Viewfield area of southeastern Saskatchewan; Shaunavon resource play, which is located in southwest Saskatchewan; North Dakota assets, which are primarily located in Williams County focused on the development of the Bakken and Three Forks formations; Flat Lake play, which is a multi-zone resource play located in southeast Saskatchewan and is an extension of the Three Forks play in North Dakota, and Kaybob Duvernay play, which is situated in the heart of the condensate rich fairway, Central Alberta. Its wholly owned subsidiaries include Crescent Point Resources Partnership, Crescent Point Holdings Ltd. and Crescent Point U.S. Holdings Corp.