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Crescent Point Energy reducing capital budget by 28% to $1.45 billion in 2015

2015-01-06 15:50:53| Real Estate - Topix.net

Crescent Point Energy Corp. plans a $1.45-billion capital budget for 2015, a 28 per cent decline from last year, as it waits for a recovery in oil and gas prices following the current downturn. It's the the latest in a series of energy producers and oilfield services companies to reduce spending plans amid a recent plunge in the price of crude oil, which is at 5 1/2-year lows.

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