Canada’s Cenovus Profit Soars 83% as MEG Deal Boosts Output, Raises Dividend

(Reuters) – Cenovus Energy  on Wednesday posted an 83% jump in first-quarter profit, driven by higher crude prices, strong refining margins and increased production ​following its acquisition of MEG Energy. The Canadian oil and gas ‌producer also said it would raise its quarterly base dividend by 10% to 22 Canadian cents per share starting in the … Read more