CEO on BNN 'Why I'm hiking capex by 21%': Cenovus Energy CEO
Alex Pourbaix, CEO of Cenovus Energy, joins BNN Bloomberg to discuss his company's capital budget and expectations for debt repayment. Oil and gas companies have been curbing their capital spending to funnel cash to shareholders but Cenovus plans to invest between $4 and $4.5 billion in 2023, a jump of about 21 per cent. However, CEO Alex Pourbaix says shareholders are in line for substantial returns.
https://www.bnnbloomberg.ca/video/why-i-m-hiking-capex-by-21-cenovus-energy-ceo~2578651