April 27 Canada's Crescent Point Energy Corp
on Thursday reported a quarterly profit, compared with
a year-ago loss, helped by higher realized prices for oil.
The Calgary-based company reported a net profit of C$119.4
million ($88 million), or 22 Canadian cents per share, in the
first quarter ended March 31, compared with a loss of C$87.5
million, or 17 Canadian cents per share, a year earlier.
Crescent Point's average selling price was C$51.70 per
barrel of oil equivalent, compared with C$31.29 a year ago.
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Maju