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Crown Point Energy ( (TSE:CWV) ) just unveiled an update.
Crown Point Energy’s Argentine subsidiary, Crown Point Energía S.A., has placed US$30 million of Series IX secured fixed‑rate notes, denominated in U.S. dollars but payable in Argentine pesos, as part of its ongoing local capital markets funding strategy. Of the total, US$24.6 million was raised in cash and US$5.4 million was issued in exchange for an equivalent amount of the company’s outstanding Series V notes, with the new notes carrying a 10.75% fixed annual coupon, amortizing in ten equal installments from October 2026 to January 2029, and secured by crude oil sales from the El Tordillo, Puesto Quiroga and La Tapera concessions. The proceeds will support general corporate purposes and investment in Argentine assets, leaving Crown Point with multiple series of notes outstanding under its US$300 million negotiable obligations program and underscoring its reliance on the Argentine debt market to finance field development and optimize its capital structure.
The most recent analyst rating on (TSE:CWV) stock is a Sell with a C$0.14 price target. To see the full list of analyst forecasts on Crown Point Energy stock, see the TSE:CWV Stock Forecast page.
Spark’s Take on TSE:CWV Stock
According to Spark, TipRanks’ AI Analyst, TSE:CWV is a Neutral.
The score is held back primarily by weak profitability and high leverage despite strong revenue and free-cash-flow growth. Technicals show a generally upward price trend but mixed momentum indicators, while valuation is difficult to support due to a negative P/E and no dividend yield provided.
To see Spark’s full report on TSE:CWV stock, click here.
More about Crown Point Energy
Crown Point Energy Inc. is an international oil and gas exploration and development company headquartered in Buenos Aires and incorporated in Alberta, Canada, with shares listed on the TSX Venture Exchange. The company focuses its operations in Argentina across four producing basins: Golfo San Jorge in Santa Cruz and Chubut, the Austral basin in Tierra del Fuego, and the Neuquén and Cuyano basins in Mendoza, targeting crude oil and natural gas production and development in these regions.
Average Trading Volume: 27,963
Technical Sentiment Signal: Buy
Current Market Cap: C$11.3M
For detailed information about CWV stock, go to TipRanks’ Stock Analysis page.