Cibc World Market Reduces $105M in Cenovus Energy Inc. ($CVE)
Key Points
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Cibc World Market reduced its position in Cenovus Energy Inc. ($CVE) by 25.52% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,343,360 shares of Cenovus Energy Inc. after selling 4,230,008 shares during the quarter. Cibc World Market's holdings in Cenovus Energy Inc. were worth $306.24 million as of its most recent filing.
Cenovus Energy Inc. Stock Down 21.4%
Shares of Cenovus Energy Inc. ($CVE) traded around $24.81 on Saturday, down 21.4% for the day.
Cenovus Energy Inc. Earnings
Cenovus Energy Inc. Dividend
Analysts Set New Price Targets
About Cenovus Energy Inc.
Cenovus Energy Inc., together with its subsidiaries, develops, produces, refines, transports, and markets crude oil, natural gas, and refined petroleum products in Canada, the United States, and China. It operates through Upstream and Downstream segments. The company is involved in the development and production of bitumen and heavy oil; owns and operates pipeline gathering systems and terminals; operation of assets rich in NGLs and natural gas in Alberta and British Columbia; and offshore operations, exploration, and development activities in the East Coast of Canada and the Asia Pacific region. It also engages in refining, such as owned and operated Lloydminster upgrading and asphalt refining complex; owns and operates the Bruderheim crude-by-rail terminal and two ethanol plants; fuels business; and refining of crude oil to produce gasoline, diesel, jet fuel, asphalt, and other products. Cenovus Energy Inc. was founded in 2009 and is headquartered in Calgary, Canada.
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