Crescent Point Energy Corp. announced 2018 guidance remains unchanged, with an annual average production of 177,000 boe/d and CAD 1.775 billion of capital expenditures. This guidance implies second half 2018 capital spending of approximately CAD 750 million and production averaging approximately 174,000 boe/d, reflecting previously announced dispositions that closed toward the end of second quarter 2018. The company expects its 2019 capital expenditures to be approximately CAD 1.55 billion to CAD 1.60 billion, at current strip commodity prices, with annual average production of approximately 176,000 to 180,000 boe/d. This initial production range reflects various capital allocation scenarios and does not account for potential dispositions during the second half of 2018. Crescent Point intends to finalize its 2019 guidance upon the completion of its 2018 capital program. The company's capital expenditures budget excludes capital expenditures on land, which are less predictable and partly dependent on land sale outcomes. Land expenditures in 2019 are expected to be modest at approximately 1% to 2% of incremental capital. The company's cash flow sensitivity in 2019, inclusive of current hedging, is approximately CAD 45 million for every USD 1/bbl change in WTI.