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BRIEF-Cenovus Energy says needs to see a substantial, sustained drop in prices to further cut spending - conf call

Published 2015-12-10, 12:06 p/m
© Reuters.  BRIEF-Cenovus Energy says needs to see a substantial, sustained drop in prices to further cut spending - conf call
CVE
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Dec 10 (Reuters) - Cenovus Energy Inc CVE.TO :
* At this point, we have not yet chosen to resume any of our deferred projects
- conf call
* Says expects regulatory approval at christina lake for phase f very soon-
conf call
* Says has flexibility to reduce capex by another $100 million - $200 million
if oil prices were to weaken significantly - conf cal
* Says capital spending in 2017 May likely be less than 2016- conf cal
* CEO says not in any way looking for a "price signal" for when to resume oil
sands expansion - conf call
* Says needs to see a substantial, sustained drop in prices to cut back
spending further - conf call
* All figures in c$- conf call
* We currently do not have any significant divestiture packages on the market-
conf call


* Further company coverage CVE.TO

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