Cenovus to cut capital spending by 19%

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http://i.cbc.ca/1.3238194.1445970514!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_460/canada-energy.jpg Cenovus Energy expects a 2016 capital budget of between $1.4 billion and $1.6 billion, about 19 per cent below this year's level, as the integrated oil company prepares to ride out another year of low prices.


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