May 29, 2018 / 4:14 PM / a year ago

BUZZ-Crescent Point Energy: Up after CEO Scott Saxberg leaves co

** Canadian oil producer’s shares up 3 pct at C$10.28

** Company says Scott Saxberg has departed as CEO and board member; Replaced in the interim by former Vice President Craig Bryksa

** Saxberg move comes after highly contentious proxy fight with Cation Capital; Activist investor wanted changes to the company’s board

** Saxberg move a part of company’s “renewal process” to turn around business, CPG says

** The market has long been looking for change at the helm of the company, bringing with it fresh ideas that should help the company finally rid itself of a deeply discounted market valuation - GMP FirstEnergy

** CPG’s shares have risen about 4 pct this year after having fallen nearly 48 pct in 2017 (Reporting by Yashaswini Swamynathan in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below