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Crescent Point Energy cuts capital budget by 16-39% in response to lower prices

2016-01-07 15:03:18| Real Estate - Topix.net

Crescent Point Energy Corp. says it expects to spend significantly less on capital projects than last year, with a 2016 budget of between $950 million and $1.3 billion. That will be 16 to 39 per cent below 2015 levels, although the Calgary-based oil and gas producer will increase production by about five per cent compared with last year.

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