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CS - Cenovus sets goals, plans up to $9.5B in spending through YE24 - October 2019

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Debt reduction and higher shareholder returns are on the agenda for Cenovus Energy over the next five years. The company discussed its plans and strategies through YE24 with investors on Oct. 2, assuming average WTI prices of US$57-$60/bbl during the period to arrive at cumulative free funds flow of about $11 billion. President and CEO Alex Pourbaix said the company has made “tremendous improvements to its cost structure and balance sheet over the past......
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