Cenovus Energy is trading at $26.30, down 6.2%, following a sharp pullback in crude oil prices as geopolitical risk premiums tied to U.S.–Iran hostilities began to fade.
- Crude oil prices dropped more than 6%, erasing recent gains and pressuring energy equities broadly as Middle East tensions eased.
- The stock fell 4.2% to approximately $28.03 during regular trading hours and extended those losses in after-hours sessions.
- Investors are reacting to softer commodity pricing and a reduction in the risk premium previously priced into the energy sector.