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Stock impact report

Oilpatch holding off on investment changes despite crude price surge [BNN Bloomberg (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: BNN Bloomberg
The chief executive at oilsands giant Cenovus Energy says it's too early on in the crisis to know what the enduring changes to the market are going to be. Jon McKenzie says his company makes plans based on lower oil prices to ensure it's just as resilient at US$100 a barrel as it is at US$40. Tamarack Valley Energy Ltd. isn't changing its 2026 capital budget at this stage, but chief executive Brian Schmidt says it's speeding up some already planned oil drilling in order to keep its options open for later in the year. Tourmaline Oil Corp. is enjoying much higher cash flows from its liquids-rich natural gas production in British Columbia and Alberta. But Jamie Heard, vice-president for capital markets, says Tourmaline's ability to ramp up output is limited by the available space on pipelines and at the LNG Canada export facility on the B.C. coast, which enables sales to Asian buyers. The executives made their comments in interviews during the 2026 BMO CAPP Energy Symposium ta Show less Read more
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