Executives at Cenovus, which bought Husky in early 2021, and has interests in four U.S. refineries, had a tough day Tuesday. Against the backdrop of many integrated oil companies exceeding expectations, the Calgary, Alberta-based firm reported a fourth quarter 2021 loss of $408 million, thanks to a $1.9 billion impairment related to its U.S. refinery business. Shares plunged by more than 6% despite crude oil production that topped 825,000 b/d, up about 77% from the same period last year.
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