Today: 2 May 2026
Browse Category

TSX:CVE 3 December 2025 - 13 March 2026

Cenovus Energy Stock Hits 52-Week High as Oil Prices Surge Toward $100

Cenovus Energy Stock Hits 52-Week High as Oil Prices Surge Toward $100

Cenovus Energy shares rose 4.6% to C$32.18 Thursday, hitting a 52-week high as oil neared $100 a barrel amid record supply disruptions from Middle East conflict. The company forecast 2026 upstream production of up to 985,000 boepd after acquiring MEG Energy. Broader markets fell, but energy stocks surged. Goldman Sachs raised oil price forecasts, citing ongoing risks to Strait of Hormuz flows.
Cenovus Energy Stock Price Hits 52-Week High as Oil Tops $100

Cenovus Energy Stock Price Hits 52-Week High as Oil Tops $100

Cenovus Energy shares hit a 52-week high Thursday as Brent crude topped $100 a barrel after new Middle East attacks. The stock closed at C$32.34 in Toronto, up C$0.16. Cenovus remains exposed to oil price swings, with net debt at C$8.3 billion and major turnarounds planned in 2026. Rival oil sands producers, including Suncor and Canadian Natural, also expect higher output.
Cenovus Energy Stock in December 2025: How Q3 Results, the MEG Deal and a $2.6 Billion Refi Are Reshaping CVE’s Outlook

Cenovus Energy Stock in December 2025: How Q3 Results, the MEG Deal and a $2.6 Billion Refi Are Reshaping CVE’s Outlook

Cenovus Energy posted record Q3 2025 production at 832,900 barrels of oil equivalent per day and reported C$2.1 billion in operating cash flow. Shares closed at C$24.56 on the TSX and US$17.57 on the NYSE, with recent trading showing volatility after a failed breakout above US$18.61. The company completed a multibillion-dollar acquisition of MEG Energy and renewed its share buyback program.

Stock Market Today

  • How to Invest in SpaceX Before Its 2026 IPO
    May 2, 2026, 6:31 AM EDT. SpaceX plans to go public in 2026, targeting a $1.75 trillion valuation and aiming to raise $75 billion, with a significant 30% of shares allocated to retail investors, CEO Elon Musk said. For investors eager to gain exposure before the IPO, two options stand out. Accredited investors can buy into the SoFi and Templum Cosmos Fund, which offers 100% investment in SpaceX but requires meeting strict financial criteria. Alternatively, the ERShares Private-Public Crossover ETF (XOVR) provides about 23.5% exposure to SpaceX alongside tech and AI giants like Nvidia and Alphabet, accessible to all investors but with a 0.75% management fee. These paths offer early opportunities to participate in SpaceX's growth ahead of the anticipated market debut.

Latest article

Beyond ChatGPT And Nvidia: 3 Technologies Wall Street May Have To Reprice Before 2026 Ends

Beyond ChatGPT And Nvidia: 3 Technologies Wall Street May Have To Reprice Before 2026 Ends

2 May 2026
The S&P 500 and Nasdaq closed at record highs Friday as Alphabet, Amazon, Meta, and Microsoft projected 2026 AI spending above $700 billion. Meta shares dropped nearly 10% after raising its capital-spending outlook, while Alphabet rose on strong Google Cloud revenue. Meta acquired Assured Robot Intelligence, expanding into robotics AI. Google began selling its AI chips directly to customers, challenging Nvidia.
Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

Forget Big Tech: Data Storage Stocks Are Becoming AI’s Quiet Market Dark Horse

2 May 2026
Seagate shares rose 7.9% and Sandisk jumped 8.3% Friday, while Western Digital slipped 0.6%. Sandisk reported Q3 revenue up 251% to $5.95 billion and signed $42 billion in long-term supply deals. Western Digital’s Q3 revenue climbed 45% to $3.34 billion, topping analyst estimates. Seagate forecast Q4 revenue of $3.45 billion, citing AI-driven demand.
Go toTop