Updated
Updated · MarketWatch · May 8Cenovus Energy stock is unchanged and underperforms market
8 articles · Updated · MarketWatch · May 8
- The shares were flat on Friday as the S&P/TSX Composite Index rose 0.65% to 34,077.76 in a broadly positive Canadian trading session.
- Cenovus closed 7.5% below its 52-week high of C$42.01, reached on 5 May.
- Trading volume was 6.0 million shares, below the stock's 50-day average of 9.3 million.
Why did Cenovus stock fall despite record profits and a dividend hike? With record output but a lagging stock, is Cenovus undervalued or a value trap? Can Cenovus's growth survive falling oil prices and shifting carbon policies?