je.st
news
Cenovus Energy makes $700-million cut to 2015 spending budget to preserve cash
2015-01-28 14:16:06| Energy - Topix.net
Cenovus Energy Inc. has lowered its 2015 capital budget to between $1.8 billion and $2 billion, which is about $700 million less than the previous estimate and more than 15 per cent below last year's spending levels. Cenovus chief executive Brian Ferguson says he believes crude oil prices will rebound, but the timing is uncertain.
Tags: makes
energy
cash
cut
Category:Energy and Environment
Latest from this category |
All news |
||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||