Cenovus CEO says current high oil prices can't be banked on moving forward

Cenovus Energy Inc. will continue to keep a tight rein on capital spending even as crude prices surge to eight-year highs, the CEO of the Calgary-based oil producer said Tuesday. In a conference call with analysts, chief executive Alex Pourbaix said the company has been pleased to see oil's recent rally to heights not seen in years, as low global supply and increased economic activity due to the easing of pandemic health restrictions drives demand. Last week, the benchmark West Texas Interm