Crescent Energy Company Class A (CRGY) has disclosed a new risk, in the Costs category.
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Crescent Energy Company Class A faces a risk that undeveloped leasehold acreage not held by production could expire if drilling, continuous development, or renewals do not occur in time, potentially causing the loss of development rights to those properties. Its ability to preserve and develop these leases is exposed to uncertainties in commodity prices, capital availability, operational costs, service capacity, infrastructure constraints, regulatory approvals, and possible well shut-ins that could trigger additional lease expirations and negatively impact reserves and financial performance.
Overall, Wall Street has a Moderate Buy consensus rating on CRGY stock based on 6 Buys and 3 Holds.
To learn more about Crescent Energy Company Class A’s risk factors, click here.