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Cenovus Energy forecasts higher capital spending in 2025
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Cenovus Energy forecasts higher capital spending in 2025
Dec 12, 2024 3:32 AM

Dec 12 (Reuters) - Canada's Cenovus Energy ( CVE )

forecast higher capital expenditure in 2025 on Thursday,

anticipating an increase in power demand.

The company expects its expenses to be between C$4.6 billion

($3.25 billion) and C$5 billion in 2025, compared with the

estimated spending of C$4.5 billion to C$5 billion in 2024.

($1 = 1.4141 Canadian dollars)

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