From Yahoo Finance: 2025-04-29 20:02:00

The energy sector faced declines in April due to global trade tensions and economic fears, with oil and gas leading the downturn. Crude oil prices dropped due to trade uncertainty and increased supply. LNG sector remains bullish, with the US as a major exporter. AI boom and data center demand are driving growth, with natural gas and nuclear energy as key candidates to meet rising electricity needs.

Cenovus Energy Inc. (CVE) narrowly missed profit forecasts for Q4 2024, with EPS slightly below expectations despite record production. Revenue fell due to lower commodity prices and refining margins. Despite this, CVE generated significant adjusted funds flow in FY 2024 and paid out dividends and repurchased shares. The company ranks 2nd on the list of energy companies with the highest upside potential.

Read more: A Top Energy Company with the Highest Upside Potential