By checking this box, I agree to the terms of service and privacy policy of Rogers Media. Several Calgary oil companies have reported lower or stand-pat capital budgets for 2019 in view of Alberta government curtailments that started Jan. 1 designed to ease a glut of crude that overwhelmed pipeline capacity and fuelled high price discounts last fall. Toronto Star articles, please go to: www.TorontoStarReprints.com, The Toronto Star and thestar.com, each property of Toronto Star The company says its now plans $700 million to $800 million in capital spending. Newspapers Limited, One Yonge Street, 4th floor, Toronto, ON, M5E 1E6. Read the official press release to know more. Its shares were down nine cents at $4.41 in trading on the Toronto Stock Exchange. Crescent Point Energy shares drop after it slashes dividend by 90%, cuts capital budget. “At current levels, we were of the view that a dividend cut was likely, although the magnitude of the dividend cut may be seen by some retail/yield-based investors as overly excessive,” said analyst Thomas Matthews of AltaCorp Capital in a report. Man who killed his family in Markham apologizes during sentencing hearing, Man wanted for leaving fire-starting devices at adult stores in Oshawa, Toronto’s first stationary Indigenous-led COVID-19 testing centre opens, Ford government to table next budget on November 5, Domestic violence groups call for national action plan as cases rise during pandemic, North York General confirms COVID-19 outbreak, Mi'kmaq fisherman intends to fight federal charges alleging illegal lobster catch, Canadian Press NewsAlert: B.C. It said it would continue to market assets for sale while realizing operating efficiencies. Effective August 12, 2015, Crescent Point suspended its Dividend Reinvestment Plan (DRIP) and Share Dividend Plan (SDP). We've sent an email with instructions to create a new password. An Exciting Time for Biotech Stocks & Their Dividends. CALGARY — Crescent Point Energy Corp. is cutting its capital spending plan by about 35 per cent and slashing is dividend due the recent drop in commodity prices. Sorry we could not verify that email address. In order to increase liquidity amid COVID-19 situation, Crescent Point Energy Corp. (CPG) cuts dividend by 75%. Comments may take up to an hour for moderation before appearing on the site. Get caught up on the day's top stories and videos, along with the weather webcast and what's in store for CityNews Tonight at 11 p.m. and tomorrow on Breakfast Television. Get breaking news, weather and traffic stories in your inbox 7 days a week, 24 hours a day. The company says its now plans $700 million to $800 million in capital spending. rights reserved. {* createAccountButton *}, You may have created a profile with another.

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