|Bid||5.65 x 0|
|Ask||5.68 x 0|
|Day's Range||5.58 - 5.74|
|52 Week Range||2.21 - 10.80|
|Beta (5Y Monthly)||2.19|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.05 (0.87%)|
|Ex-Dividend Date||Nov 30, 2020|
|1y Target Est||N/A|
Oil and gas stocks have been hammered by low energy prices since the pandemic began. One analyst’s solution is already happening: consolidation that cuts workforces and production, raising prices and shares.
Canada’s oil majors saw further losses in the third quarter as low refining margins and continued low oil prices extend their suffering
Cenovus Energy Inc plans to cut 20% to 25% of its workforce after it acquires Husky Energy Inc , the companies told Reuters on Tuesday, as Cenovus begins to slash costs in the Canadian oil patch's biggest merger in four years. The job losses could total about 2,150 positions, based on the size of their workforces, including contractors, with the majority to take place in Calgary, Alberta, Husky said in a statement. Cenovus shares rose 6.7%, while Husky gained 6.5%, extending their gains after Reuters first reported the cuts.