Cenovus -8% in two days after job cuts, below guidance production view

Cenovus Energy (CVE -2.3%), which has been selling assets to pay off debt from its $13B oil sands acquisition earlier this year, plans to cut ~15% of its total workforce, or 500-700 jobs, as new CEO Alex Pourbaix steps up cost cuts. CFO Ivor Ruste will leave the company in April, Upstream Oil & Gas …

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