Stocks in play: Cenovus Energy Inc.

Plans to invest between $1.3 billion and $1.5 billion in 2020, about 70% of which is sustaining capital primarily to maintain base production at its Foster Creek and Christina Lake oil sands operations. The increase in total planned capital spending, compared with Cenovus’s 2019 forecast, is consistent with the outlook provided at the company’s Investor Day earlier this year and is largely due to the deferral of sustaining capital in 2019 following the introduction of mandatory production curtailment in Alberta. Cenovus Energy Inc. shares T.CVE are trading up $0.25 at $12.43.

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