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BRIEF-Crescent Point Updates Production Guidance And Outlook

Published 2020-09-01, 07:44 a/m
© Reuters.
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Sept 1 (Reuters) - Crescent Point Energy Corp CPG.TO :

* CRESCENT POINT UPDATES PRODUCTION GUIDANCE AND OUTLOOK

* CRESCENT POINT ENERGY CORP - CAPITAL EXPENDITURES EXPECTED TO BE APPROXIMATELY $665 MILLION IN 2020

* CRESCENT POINT ENERGY CORP - SEES GENERATING APPROXIMATELY $125 MILLION OF EXCESS CASH FLOW IN SECOND HALF OF 2020

* CRESCENT POINT ENERGY - PRELIMINARY 2021 OUTLOOK TO SUSTAIN OR EXCEED SECOND HALF 2020 PRODUCTION WITH CONTINUED EXCESS CASH FLOW GENERATION

* CRESCENT POINT ENERGY - ANNUAL AVERAGE PRODUCTION GUIDANCE IS NOW FORECAST TO BE 119,000 TO 121,000 BOE/D

* CRESCENT POINT ENERGY - TOTAL NET DEBT REDUCTION DURING 2020 NOW EXPECTED TO TOTAL ABOUT $600 MILLION

* CRESCENT POINT ENERGY CORP - SEES 2021 SPENDING OF ABOUT $500 TO $550 MILLION IN DEVELOPMENT CAPITAL

* CRESCENT POINT - HAS OVER $2.4 BILLION OF AVAILABLE LIQUIDITY AS AT JUNE 30, NO MATERIAL NEAR TERM DEBT MATURITIES

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