Etsy (NASDAQ: ETSY) and MercadoLibre (NASDAQ: MELI) both saw their stocks hit all-time highs last year. That contraction was caused by its integration of Reverb, Depop, and Elo7, which all operate at lower margins than its namesake marketplace. 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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