Crescent Point announced formal plans for 2016e including a capital spending budget between $950-1,300 mm ($1.13 billion at midpoint) with average production anticipated to be in the range of 165,000-172,000 boe/d. We would note that this guidance includes ~1,700 boe/d (annualized) of shut-in production due to spring break-up and ~1,600 boe/d of production shut-in by year-end due to waterflood programs. The Company enters 2016e at over 175,000 boe/d and more volumes to be added shortly as the Co ....
