Alberta moves ahead with direct bitumen sales plan [Globe and Mail, The (Toronto, Canada)]
Cenovus Energy Inc (CVE)
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Source: Globe and Mail, The
JASON FRANSON/The Canadian Press The Bitumen Royalty in Kind (BRIK) program will be run by the province's commercial oil and gas agency, the Alberta Petroleum Marketing Commission. The APMC runs a similar program for conventional crude oil, whereby the province accepts a certain amount as royalty payment in kind, rather than cash. BRIK would extend that to bitumen - the thick, heavy crude from Alberta's oil sands. Alberta plans to sell roughly two million barrels per month of government-owned bitumen through the APMC, she said in March, making the province “one of the most significant players in the heavy oil market.” Energy Minister Brian Jean this week authorized the APMC to borrow up to $900-million for the BRIK program. The order in council allows the APMC to use the cash for “hydrocarbon marketing activities” including purchasing shares, loaning money, or entering into a joint venture or partnership. It also allows the APMC to incorporate “or acquire one or more subsidiar
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News
- Cenovus Energy (NYSE:CVE) (TSE:CVE) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Cenovus Energy (CVE) Laps the Stock Market: Here's Why [Yahoo! Finance Canada]Yahoo! Finance Canada
- Looking At The Evolving Narrative For Cenovus Energy (TSX:CVE) After Analyst Price Target Reset [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy (NYSE:CVE) (TSE:CVE) was downgraded by analysts at Zacks Research from a "strong-buy" rating to a "hold" rating.MarketBeat
- Are You Looking for a Top Momentum Pick? Why Cenovus Energy (CVE) is a Great Choice [Yahoo! Finance Canada]Yahoo! Finance Canada
CVE
Earnings
- 10/31/25 - Beat
CVE
Sec Filings
- 1/5/26 - Form 25-NSE
- 12/11/25 - Form 6-K
- 12/1/25 - Form 6-K
- CVE's page on the SEC website