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Cenovus Energy (CVE +2.6%) bucks a JP Morgan downgrade to trade higher with the rest of its...

Cenovus Energy (CVE +2.6%) bucks a JP Morgan downgrade to trade higher with the rest of its peers as crude continues to rack up gains today. The firm cut the driller to neutral on valuation, saying it has less downside protection if oil prices decline.
Comments (1)
  • Uncle Pie
    , contributor
    Comments (3133) | Send Message
     
    Cenovus is NOT a driller. It's the leading producer of oil from Canadian oil sands that are too deep to surface mine, using "in situ" technologies.
    See company website for details.

     

    Long CVE
    7 Oct 2011, 08:58 PM Reply Like
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