Oil sands feel the crunchCenovus Energy, Canadian Oil Sands, make deep cuts for 2015; Cenovus’ capital budget down C$700M, COS cuts dividend to 5 cents Gary Park For Petroleum News
Cenovus Energy and Canadian Oil Sands, two of the biggest players in northern Alberta’s bitumen region, are making even deeper cuts to their 2015 capital budgets, raising concerns about increased layoffs in the engine room of Canada’s oil patch.
Cenovus slashed another C$700 million from its spendi....
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COS shrinks dividend Analysis says US$50 needed
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