Alphabet Inc. did something on Tuesday that it rarely does. It disappointed analysts and investors alike with a first quarter earnings report that largely missed expectations. Read More...
Reuters
Cenovus triples dividend as robust crude prices boost profit beat
U.S-listed shares of the oil and gas producer, which have gained nearly 34% so far this year, were up as much as 5.65% in premarket trading. Brent crude, the global benchmark was trading at $105.25 a barrel on Wednesday. The company, which agreed to buy rival Husky Energy last year to create Canada’s No. 3 oil and gas producer, said upstream production rose to 798,600 barrels of oil equivalent per day (boepd) in the quarter, from 769,254 boepd a year earlier.
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