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CS - News Briefs - April 1, 2020
Torc Oil & Gas Ltd. is reviewing spending plans for the year now that its Q1 capital spending is over. There may be limited capex during the spring breakup period, but the company expects to defer, reallocate and reduce capital in Q2 as conditions warrant. Torc also cut its monthly dividend to $0.005 per common share from $0.025 effective with the March dividend payable in April. The company said it will save $53 million......
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