CVE is trading 4.1% up at $26.25 as crude prices surge on escalating geopolitical tensions in the Strait of Hormuz.
- Brent and WTI benchmarks climbed over 6%, driving broad strength across integrated energy names like Cenovus.
- The rally builds on recent momentum from strong Q1 2026 results, which featured improved earnings and a 10% dividend increase.
- Investors continue to react to sharply higher crude prices and general strength across the energy sector.