|Bid||45.05 x 100|
|Ask||45.53 x 1000|
|Day's Range||44.66 - 46.22|
|52 Week Range||38.80 - 53.17|
|PE Ratio (TTM)||-35.67|
|Dividend & Yield||1.06 (2.31%)|
|1y Target Est||N/A|
It was a week where oil prices dropped to a new low for the year, while natural gas futures stayed put at just over $3.
Cenovus Energy Inc's efforts to sell C$5 billion ($3.8 billion) of energy assets, already facing a rocky road because weak oil prices are depressing the appetite for deals, has become complicated by the surprise departure of its chief executive officer, fund managers said. Brian Ferguson's announcement on Tuesday that he will step down as CEO in October is the latest sign of tumult within Canada's oil sands industry, which has seen international oil majors dump $22.5 billion in assets this year alone. It follows Cenovus' unpopular, debt-fueled $13.3 billion purchase of ConocoPhillips' oil sands and natural gas assets in March, which sparked a near 50 percent fall in Cenovus shares.
Shares Cenovus Energy Inc (CVE) fell 8.6% to eventually close at $7.12 on Jun 20 amid the announcement of the retirement of the company's CEO along with the much criticized deal with ConocoPhillips.