Image: Cenovus Energy Here are some of the best news quotes from last week’s coverage in the Daily Oil Bulletin: Cenovus Energy CEO Alex Porubaix said he expects 2019 capital investment to be in line with 2018, after the Alberta government’s mandated oil output cuts boosted Canadian crude prices: "My company will have a capital program that looks pretty similar to the program we had last year…We’ll spend the better part of C$1.5 billion, give or take, and that would not have been the case if the government hadn’t take action." CIBC World Markets executive director Jon Morrison commented on the Alberta government’s introduction of mandated oil production cuts in a bid to narrow the discount received for Canadian heavy oil: “As we have highlighted over the past month, the market is an efficient machine and the industry was already on its way to addressing the differential challenge… "As such, we were already forecasting the WCSB to be effectively clearing the market during Q1/19 due to the combination of these voluntary cuts and rising [crude-by-rail] loadings.” Devon Canada spokeswoman Nadine Barber described the company’s view of its future following the cancellation of the 9,000-bbl/d proposed Walleye SAGD project, a […]
