Canada’s second-largest oil producer, Cenovus Energy, said Wednesday it was cutting its capital expenditures for 2015 deeper than originally planned. The company in December said it was trimming its capital spending plan by 15 percent to $2 billion. With oil prices off roughly 30 percent since then, the company said it was cutting the projected spending again to around $1.5 billion. Cenovus President and Chief Executive Officer Brian Ferguson said the company has the flexibility to make further cuts without compromising growth objectives . “Our plan is to continue to pursue our long-term growth strategy, but at a pace we believe is more in line with the current pricing environment,” he said in a statement. The Canadian Association of Petroleum Producers said last week oil production nation-wide […]