Cenovus Energy Inc. is about to be born

Cenovus Energy Inc. is about to be born

A pending merger between two large oil and gas producers will create an entity capable of producing 750,000 barrels of oil equivalent per day as well as a 660,000 barrel a day refinery. 

The new firm will be able to cut costs significantly and compete more… Read More

Merger drives down production costs

The price for West Texas Intermediate crude oil fell to a negative $37 U.S. a barrel in April 2020 as the COVID-19 pandemic, combined with a lack of storage space, triggered a massive sell-off of oil futures contracts. Prices have since recovered to around $42… Read More

You need to keep some exposure to oil

We continue to recommend you maintain some exposure to oil stocks as part of the Resources portion of your overall portfolio. The four oil producers we analyze below still have substantial reserves; they’re also doing a good job of cutting their costs. That puts them… Read More

Cenovus buys Husky

CENOVUS ENERGY, $4.78, remains a buy for patient investors. The company (Toronto symbol CVE; Shares outstanding: 1.2 billion; Market cap: $5. billion; TSINetwork Rating: Average; No dividends paid; www.cenovus.com) has agreed to acquire rival oil producer Husky Energy Inc. (Toronto symbol HSE) for $3.8 billion… Read More