March 16 (Reuters) - Crescent Point Energy Corp CPG.TO :
* CRESCENT POINT REVISES 2020 CAPITAL SPENDING AND DIVIDEND
* CRESCENT POINT ENERGY CORP - REVISING 2020 CAPITAL SPENDING BY ABOUT 35 PERCENT IN RESPONSE TO RECENT DECLINE IN COMMODITY PRICES
* CRESCENT POINT ENERGY - EXPECT TO FULLY FUND 2020 PROGRAM WITHIN CASH FLOW ASSUMING WTI PRICE IN LOW US$30/BBL RANGE FOR REMAINDER OF YEAR
* CRESCENT POINT ENERGY - REVISED 2020 CAPEX BUDGET OF $700 TO $800 MILLION EXPECTED TO GENERATE ANNUAL AVERAGE PRODUCTION OF 130,000-134,000 BOE/D
* CRESCENT POINT ENERGY - IS ALSO REVISING ITS DIVIDEND TO PROVIDE ADDITIONAL FLEXIBILITY IN CURRENT ENVIRONMENT
* CRESCENT POINT ENERGY - REVISED PROGRAM WILL BEGIN IMMEDIATELY WITH MINIMAL ACTIVITY IN Q2 WITH MAJORITY OF REMAINING ACTIVITY TO RESUME LATE Q3
* CRESCENT POINT ENERGY - COMPANY INTENDS TO CHANGE TO A QUARTERLY CASH DIVIDEND THAT EQUATES TO CDN$0.01 PER SHARE PER YEAR
* CRESCENT POINT ENERGY CORP - DOES NOT HAVE ANY MATERIAL NEAR-TERM SENIOR NOTE DEBT MATURITIES
* CRESCENT POINT - ALSO DEFERRING SHARE REPURCHASES UNDER NORMAL COURSE ISSUER BID WITH FLEXIBILITY FOR IT TO BE RESUMED AS MARKET CONDITIONS WARRANT
* CRESCENT POINT ENERGY - RETAINS LIQUIDITY OF ABOUT $2.7 BILLION OF CASH,UNUTILIZED CAPACITY ON CREDIT FACILITIES WHICH ARE NOT DUE FOR RENEWAL UNTIL OCT 2023