Crescent Point Energy Seeks Buyer for Western Canada Oil Assets

When the undeveloped lands are included, the assets have a net present value of C$834 million, according to the documents. The sale effort was reported earlier by Reuters.
 

 
A data room opened Jan. 24 and the bank planned to begin technical presentations to interested buyers Jan. 31. Calgary-based Crescent Point did not immediately respond to a request for comment on what value it expected to receive. Last year, the company spent C$900 million on Shell Canada Ltd. assets in Alberta and announced its intention to sell assets following the closing of that deal.