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Tourmaline Oil Corp
Symbol TOU
Shares Issued 387,010,714
Close 2026-01-15 C$ 59.10
Market Cap C$ 22,872,333,197
Recent Sedar+ Documents

Globe says Cenovus told China to get more Cdn energy

2026-01-16 07:32 ET - In the News

See In the News (C-CVE) Cenovus Energy Inc

The Globe and Mail reports in its Friday edition that Prime Minister Mark Carney's government said Thursday it would welcome more Chinese investment in Canadian energy, including the oil sands, during a visit to Beijing that the Asian giant's Premier called a "new starting point" for bilateral relations. The Globe's Steven Chase writes that Mr. Carney, in search of more investment and markets for Canada to offset damage done by U.S. protectionist tariffs as he continues his first trip to China as Prime Minister this week, released a blueprint for closer relations with Beijing. In a joint announcement with the Chinese government, Canada said it will welcome Chinese investments in Canada in areas including energy, agriculture and consumer products as part of a joint "economic and trade co-operation road map." Ottawa and Beijing also signed a memorandum of understanding on "strengthening energy cooperation," a deal that follows rising petroleum exports to China from Canada. China's PetroChina received delivery of liquefied natural gas from Canada's first LNG export facility in 2025 and Chinese buyers have increased purchases of Canadian oil over the last year. The pact also promotes Canadian uranium sales to China.

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