Canada’s Cenovus Beats Fourth-Quarter Profit Estimates on Higher Production

By Reuters Cenovus Energy  surpassed market estimates for fourth-quarter adjusted profit on Thursday, helped by higher upstream production. Canadian oil sands producers, including Cenovus, have remained resilient amid a global oil industry downturn, supported by years of investment that have made them among North America’s lowest-cost producers. The country’s oil producers are also gaining from the expanded Trans Mountain … Read more