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Cenovus Energy Inc T.CVE.WT


Primary Symbol: T.CVE Alternate Symbol(s):  T.CVE.PR.E | T.CVE.PR.G | CVE.WS | CNVEF | CVE | T.CVE.PR.A | T.CVE.PR.B | T.CVE.PR.C

Cenovus Energy Inc. is a Canada-based integrated energy company. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada.


TSX:CVE - Post by User

Post by retiredcfon Feb 16, 2024 6:52am
246 Views
Post# 35883619

Stockchase After the Close

Stockchase After the Close

Thursday’s session saw more gains on Bay and Wall streets as stocks rallied beyond tech. The TSX rose 1.55% or 333 points after every sector gained except consumer discretionary. The biggest movers were in energy, financials and materials. 

Key names were Enbridge up 1.48%, Manulife 8.74%, Suncor 4.4%, Cenovus 7.01% and Birchcliff Energy 7.68%. WTI climbed 2% to over $78 a barrel.

On Wall Street, tech as a whole enjoyed a modest gain as the Nasdaq advanced 0.24%, but the S&P rose 0.54% to make a record high of 5,028 and the Dow rallied 0.86%. Major movers included Airbnb up 6.39%, Wells Fargo 7.21% and Tesla 6.23%. However, Cisco closed -2.29% after trimming both jobs and its outlook. Alphabet(A shares) finished -2.14% after a report appeared that rival OpenAI could launch its own search engine. The backdrop was the latest economic date showing that U.S. retail sales fell 0.8% in January compared to an expected 0.2% decline. The U.S. 10-year yield hovered around 4.244% while Bitcoin held at $51,800.

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