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Cenovus Energy Inc (NYSE:CVE) traded today at a new 52-week high of $21.25. This new high was reached on below average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 12.3 million shares. Based on a current price of $21.14, Cenovus Energy...
Canada's oil production could increase by 900K bbl/day to make up for supply losses from Russia's war in Ukraine, Alberta Premier Jason Kenney testified at a U.S. Senate committee on Tuesday. The Canadian government has previously said the country could raise oil exports via pipeline by 300K ...
There have not been many places to hide from the vicious market correction. Gold, crypto assets, bonds, and even real estate have been turbulent. Surprisingly, TSX energy stocks have been strong in the face of recent market volatility. That’s thanks to the surge in the price of oil a...
Stanley Druckenmiller, former portfolio manager at George Soros's Quantum fund, and current Chief Investment Officer at his multi-billion dollar family office, acquired ~$250m worth of energy stocks during Q1. Unlike many fund managers, Druckenmiller is known for managing money with a "top do...
Until there’s evidence of cooling inflation, the bond market will probably think more rate hikes are needed. More rate hikes mean more pain for tech stocks. At this juncture, though, it seems like the 10-year note yield can do nothing but move higher. Should the selloff in bonds ...
Equinor (NYSE:EQNR) shareholders approved the company's energy transition plan on Wednesday and rejected proposals for tougher emission cuts, including absolute reduction of Scope 3 emissions. In the short term, absolute emission targets could only be reached by selling or shutting down profi...
Ahead of Q1 results, investors focused on several key issues across the various energy sub-sectors. US E&P investors were focused on cost and activity guidance in the face of supply chain challenges and political pressure. Refining and integrated investors focused on demand outlooks ...
These days, Canadians are feeling pain at the pump. Gasoline prices are hitting record highs thanks to a supply-chain-fueled rally in oil prices. Recently, the price of gasoline crossed $2 per litre, as Canadians struggled with inflation. There doesn’t appear to be any end to the...
Commodity investing, especially in crude oil, is the most profitable strategy these days. Because of war-induced supply chain disruptions, economists expect commodity prices to remain high throughout 2022. They project Brent crude oil to average US$100 per barrel this year, which is a sharp...
Whilst Cenovus Energy tripled their dividends when rolling out a new shareholder returns policy, it still heavily favors share buybacks. I would have preferred to see a greater weighting towards dividends but at least they are translating these triple-digit oil prices into massive fre...
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CALGARY, Alberta, June 20, 2024 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE), as a member of Pathways Alliance, today issued the following statement with respect to the Canadian government’s Bill C-59. As one of the largest oil sands companies in Canada, and a membe...
2024-06-07 15:56:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-30 03:50:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...