Cenovus energy says co reducing 2020 capital spending by approximately 32%

Reducing its 2020 capital spending by approximately 32% in order to maintain strength of its balance sheet.co also temporarily suspending its crude-by-rail program and deferring final investment decisions on major growth projects.cenovus energy-continues to work toward funding revised capital program, current dividend within cash flow in challenging commodity price environment.oil sands production in 2020 is now expected to average between 350,000 barrels per day and 400,000 barrels per day.cenovus - will monitor macro-economic and oil price environment & look for additional opportunities to reduce operating & capital spending if necessary.
CVE Ratings Summary
CVE Quant Ranking