April 26 (Reuters) - Cenovus Energy Inc CVE.TO
* Says has ability to cut deep basin spending to focus on oil sands
* Chief Executive Brian Ferguson says new deep basin gas assets could be 'crown jewel' and 'absolutely core'
* Chair Michael Grandin, asked why no shareholder vote on ConocoPhillips (NYSE:COP) deal, says 'once in a lifetime' deal needed confidentiality Further company coverage: CVE.TO