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Cenovus shares drop as oil prices eclipse profit growth - The Globe and Mail
The Globe and Mail | Cenovus shares drop as oil prices eclipse profit growth The Globe and Mail Cenovus Energy Inc. shares sank nearly 7 per cent Thursday as tumbling heavy oil prices overshadowed a surge in fourth-quarter profits. Cenovus said cost reductions and strong results from its refining operations propelled net earnings for the three ... Strong oil prices, refinery profits boost Cenovus earnings Cenovus CEO says heavy oil price discount taking 'extraordinary' toll on economy |
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