Cenovus Energy Inc is a Canadian integrated oil and gas company that specializes in the exploration, production, and refining of crude oil and natural gas
The company primarily operates in the oil sands of Alberta, employing advanced technologies to extract heavy oil and enhance recovery processes. In addition to its upstream activities, Cenovus also has a refining segment, allowing it to convert raw crude into valuable petroleum products. Committed to sustainability, the firm integrates environmentally responsible practices throughout its operations, striving to reduce the carbon footprint associated with its resource extraction and processing activities.
JP Morgan analyst updates ratings, price targets, and forecasts for major North American oil companies. Brent crude expected to average ~$70/bbl in 2025, with focus on defensive positioning and unique re-rating opportunities.
Some energy stocks could benefit from a second Trump administration; keep an eye on these under-the-radar firms poised to rise with the broader industry.
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