Phillips 66 to acquire remaining 50% stake in WRB Refining LP from Cenovus Energy for $1.4 billion, gaining full ownership of two US refineries and simplifying operations.
Stablecoin issuer Tether (CRYPTO: USDT) is exploring investments in the gold industry as part of its broader strategy to diversify profits from its cryptocurrency operations.
Cenovus will acquire MEG Energy for $7.9B, creating one of Canada's largest oil sands producers. Deal includes cash and stock options for shareholders.
Cenovus Energy (NYSE:CVE) offers a strong 4.07% dividend yield with a solid track record, reasonable valuation, and decent financial health, making it a candidate for dividend investors.
The Liberal Prime Minister said his government will also back a proposed C$16.5 billion ($12 billion) carbon capture and storage project for Alberta’s oil sands.
Major Canadian oil and gas firms Cenovus Energy, Meg Energy, and Canadian Natural Resources have all shut some of their operations in the top oil-producing province.
The Canadian oil and gas firm’s total upstream production rose to 818,900 barrels of oil equivalent per day (boepd) in the reported quarter from 800,900 boepd a year earlier.
U.S. stocks rallied Thursday after the Trump administration signed its first major trade agreement with the United Kingdom, igniting optimism about further global deals — especially with China — and lifting investor appetite for riskier assets.
Import tariffs on Mexico and Canada for 25% and an additional 10% on China has investors scrambling for shelter from the fallout, here's 2 stocks that can.
