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GTE - Gran Tierra Energy to cut capex by two-thirds
Gran Tierra Energy Inc.
Gran Tierra Energy (NYSEMKT:GTE) says it will cut 2020 capital spending to $60M-$80M from a previously planned $200M-$220M, a two-thirds reduction at the midpoint, and shut-in 1K-1.5K bbl/day of higher cost production to focus on core, low cost, higher netback production.
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