Cenovus Energy posts strong Q2 cash flow amid high oil prices and refining margins

Cenovus Energy reported strong cash flow of CAD$5.64 billion in Q2, boosted by high oil prices, tight refined product supply, and growth after acquiring MEG Energy. Despite slightly missing revenue and profit estimates, the company showed strong operational leverage and resilience amid geopolitical uncertainties. The outlook remains positive due to ongoing cash generation and favorable industry conditions. Investors see potential in Cenovus's ability to sustain cash flow in the current energy market environment.