January 14, 2020 / 12:26 PM / 8 days ago

Crescent Point Energy expects flat production for 2020

Jan 14 (Reuters) - Canadian oil and gas producer Crescent Point Energy Corp said on Tuesday it expects 2020 average production to be between 140,000 and 144,000 barrels of oil equivalent per day (boe/d), unchanged from a year earlier.

The company forecast 2020 capital expenditure of about C$1.10 billion to C$1.20 billion, lower than 2019 outlook of between C$1.225 billion and C$1.275 billion. (Reporting by Shradha Singh in Bengaluru; Editing by Shounak Dasgupta)

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