Canadian Oil Still Critical to the US, Says Cenovus (CVE) CEO

Cenovus Energy Inc. (NYSE:CVE) is one of the best high growth stocks. The US still relies on Canadian oil imports, contrary to statements made by President Donald Trump, according to the CEO of Cenovus Energy in a June 10 statement.

Cenovus CEO Jon McKenzie, at a conference in Calgary, pointed out that American dependence on Canadian oil persists, in contrast to Trump’s claims.

Canada delivers almost 4 million barrels of oil per day to the United States, despite Trump’s recurring threats to impose duties on it.

McKenzie also acknowledged Canada's ongoing dependence on American energy systems and called for greater diversification in its energy trade partners.

Cenovus Energy Inc. (NYSE:CVE) is an integrated energy company engaged in the development, production, refining, and marketing of crude oil, natural gas, and petroleum products across Canada, the United States, and China.

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