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Stock impact report

Oil majors need support now to drive Canada’s economic recovery in coming months: Cenovus [Financial Post (Toronto, Ontario, 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
Company Research Source: Financial Post
Oil majors need support now to drive Canada's economic recovery in coming months: Cenovus 'We’ve been hearing for weeks that support is coming. Weeks have passed and the industry is still waiting,' Cenovus CEO said CALGARY – One of Canada’s largest oilsands producer says the industry needs support from Ottawa quickly to survive and emerge as a major contributor to the country’s economic revival in the months to come. “We have had significant discussions with both the Alberta government and the federal government about the need for incremental liquidity support,” Cenovus Energy Inc. president and CEO Alex Pourbaix said on an earnings call Wednesday. “We’ve been hearing for weeks that support is coming. Weeks have passed and the industry is still waiting and particularly, the larger side of the industry,” he said. On March 25, Finance Minister Bill Morneau said help would be available in “hours, potentially days, to ensure there are credit opportunities particularly for the small- a Show less Read more
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