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,...