Crescent Point Energy increasing use of hedging amid volatile oil markets

Crescent Point Energy Corp. is increasing its use of hedging to protect itself against commodity price swings. Like other Canadian energy producers, the Calgary-based oil and gas company - which has drilling operations in Alberta, Saskatchewan and North Dakota - has been directly affected by the volatility in global energy markets over the last 12 months. On Friday, the company reported a first-quarter profit of $216.7 million or 39 cents per diluted share for the quarter ended March 31, down fr