Crescent Point Energy reports Q3 profit up from year ago, announces special dividend

Crescent Point Energy Corp. announced a special dividend for shareholders Wednesday, as continued high oil prices helped the Calgary-based oil and gas company deliver a five-fold increase in profits in its third quarter.

Crescent Point, which has drilling operations in Alberta, Saskatchewan and North Dakota, reported third-quarter net income of $466.4 million, up from $77.5 million in the same quarter last year