CANADA STOCKS-Futures rebound after oil gains on stimulus hopes [Reuters]
Cenovus Energy Inc (CVE)
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Source: Reuters
CANADA STOCKS-Futures rebound after oil gains on stimulus hopes March 10 (Reuters) - Canada’s main stock index futures rebounded on Tuesday as oil prices gained on hopes of economic stimulus and possible OPEC talks. March futures on the S&P/TSX index were up 4.57% at 7:00 a.m. ET. The Toronto Stock Exchange’s S&P/TSX index closed down 10.27% at 14,514.24 on Monday, its biggest drop since the October 1987 stock market crash. The recovery in oil prices comes a day after their biggest rout in nearly 30 years, as investors eyed the possibility of economic stimulus and Russia signaled that talks with OPEC remained possible. Dow Jones Industrial Average e-mini futures were up 4.14% at 7:00 a.m. ET, while S&P 500 e-mini futures were up 4.34% and Nasdaq 100 e-mini futures were up 4.54%. Canadian banks have increased oil and gas lending at about double the rate of total business loan growth over the past three quarters, raising the prospect of higher loan losses after Monday’s oil price crash.
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News
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- Cenovus Energy Inc. (NYSE:CVE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy Inc. (NYSE: CVE) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Cenovus Energy Inc. Just Beat EPS By 36%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- Cenovus Energy Stock (NYSE:CVE): Why Caution Is Warranted [Yahoo! Finance]Yahoo! Finance
CVE
Earnings
- 5/1/24 - Beat
CVE
Sec Filings
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website