TSX:CVE
TSX:CVEOil and Gas

Cenovus Energy (TSX:CVE) Faces 10% Drop After S&P/TSX Index Removal

Cenovus Energy (TSX:CVE) recently experienced a notable development as it was removed from the S&P/TSX Preferred Share Index. This index removal, coupled with broader market turmoil triggered by global tariff tensions, has reflected in a 10% drop in its share price over the past month. The energy sector has been under pressure amid falling oil prices, with West Texas Intermediate futures dropping nearly 7%, contributing further to the company's recent performance. These market dynamics,...
TSX:CNQ
TSX:CNQOil and Gas

Canadian Natural Resources (TSX:CNQ) Lifts Dividend By 4% To C$1

Canadian Natural Resources (TSX:CNQ) recently announced a 4% increase in its quarterly dividend, raising it to CAD 0.5875 per share, alongside reporting a decline in both quarterly and annual earnings compared to the previous year. During this period, the company's stock price remained relatively flat, contrasting significantly with the broader market turmoil, as the Dow and Nasdaq experienced steep declines following new tariffs announced by the U.S. administration. While the overall market...