TSX falls as oil price drops, Cenovus Energy weighs [Business News Network (BNN) Energy & Resources (Canada)]
Cenovus Energy Inc (CVE)
Last cenovus energy inc earnings: 4/29 06:00 am
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Source: Business News Network
TSX falls as oil price drops, Cenovus Energy weighs TORONTO - Canada's main stock index fell on Tuesday as energy shares dived with oil prices, while Cenovus Energy Inc tumbled after the company announced plans to replace its chief executive. Cenovus said it will replace Chief Executive Brian Ferguson, who championed an unpopular purchase of western Canadian oil sands assets, though it failed to name a successor, sending its shares tumbling 10.5 per cent to $9.20. The overall energy group fell 3.1 per cent, hitting its lowest since April last year, while oil prices slumped following news of increases in supply by several key producers. U.S. crude prices were down 3.0 per cent at US$42.89 a barrel. Suncor Energy fell 2.6 per cent to C$37.97 and Canadian Natural Resources declined 1.9 per cent to $36.88. Bank shares, which had rallied on Monday, also lost ground. Toronto-Dominion Bank fell 0.6 per cent to $65.09, while the overall financial services group fell 0.3 per cent. Shares of Ho
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CVE
Earnings
- 2/15/24 - Beat
CVE
Sec Filings
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- 3/27/24 - Form 6-K
- CVE's page on the SEC website