Cenovus expects higher oil output in 2013

Wed Dec 12, 2012 6:12am EST
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Dec 12 (Reuters) - Cenovus Energy Inc, Canada's second-largest independent oil producer, said it expects nearly 14 percent higher oil output and forecast a higher spending for next year.

The company forecast capital budget between C$3.2 billion and C$3.6 billion, up from its 2012 capital budget of C$3.3 billion to C$3.4 billion.