February 19, 2016 / 4:27 PM / a year ago

BUZZ-Enerplus Corp: Dividend, production slashed

1 Min Read

** Oil producer's shares down about 6.7 pct at C$3.88

** Company slashes dividend to C$0.01 per share from C$0.03 to preserve capital

** Cuts 2016 capital budget to C$200 million, 60 pct lower than 2015 spending levels

** Forecasts 2016 production of 90,000-94,000 barrels of oil equivalent per day, down 13.6 pct from last year

** Up to Thursday's close, stock had fallen nearly 70 pct in the last 12 months

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