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Stock impact report

3 Canadian Energy Stocks Heating Up for a Big Year [Globe and Mail, The (Toronto, Canada)]

Cenovus Energy Inc (CVE) 
Last cenovus energy inc earnings: 4/29 06:00 am Check Earnings Report
US:NYSE Investor Relations: cenovus.com/disclaimerir
Conflicts in the Middle East have propelled the price of oil above $100 for the first time in several years. Energy prices are volatile, but they could remain elevated for some time Now, the energy price environment is volatile. Any bit of news showing Middle East escalation or de-escalation can cause oil prices to rocket or plummet. The good news is that energy prices are likely to remain elevated for longer than most people think. Even if the conflict is resolved tomorrow, most countries have quickly absorbed their energy reserves that need replenishment. Likewise, released energy shipments will take months to reach their destination port. That doesn't factor in the energy infrastructure that has been damaged from the conflict (which could take years to repair). It all bodes well for Canadian energy producers. Canada is a relatively safe jurisdiction. Canadian energy companies have tons of energy reserves. These companies are in their strongest position in several years. Her Show less Read more
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