Cenovus Energy (CVE) Maps Out an Ambitious 5-Year Expansion Plan

Cenovus Energy Inc. (CVE) unveiled plans on Tuesday to ramp up its energy production by an impressive 19% over the next five years. This ambitious move comes in tandem with the expansion of Canada's pipeline capacity, signaling a pivotal shift in the country's oil landscape.On Cenovus Energy's annual investor day in Toronto, Drew Zieglgansberger, the company’s chief commercial officer, underscored the importance of the expansion. He emphasized that it signifies a fresh avenue into global markets, highlighti ...