Cenovus Energy shares climbed 2.9% to C$40.96 in Toronto after CIBC Capital Markets reaffirmed an outperformer rating and set a C$46 target ahead of first-quarter results. CIBC estimated quarterly production at 962,000 barrels of oil equivalent per day and projected cash flow per share of C$1.63, above consensus. Cenovus will report results May 6, its first full quarter including former MEG Energy assets. The post Cenovus Energy Stock Climbs Bef…
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