Cenovus cuts spending, shelves projects as oil continues to slide The Globe and Mail Cenovus is in the middle of expansions at its Christina Lake and Foster Creek oil sands operations, but subsequent expansions at those projects have been put on hold. The company is also cancelling the “bulk” of its conventional drilling plans in ... UPDATE 2-Cenovus Energy deepens 2015 budget cuts as oil prices dive Cenovus Energy Inc cuts capital spending by $700 million as oil prices plunge Cenovus slashes 2015 spending by additional $700M on low oil |