Cenovus CEO says current high oil prices can’t be banked on moving forward

CALGARY — Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight−year highs, the CEO of the Calgary−based oil producer said Tuesday. In a conference call with analysts, chief executive Alex Pourbaix said the company has been pleased to see oil’s recent rally to heights … Continue reading Cenovus CEO says current high oil prices can’t be banked on moving forward