Cenovus Energy rises after Q1 profit beat

U.S.-listed shares of Canadian oil and gas producer Cenovus Energy CVE.TO, CVE.N rise ~1% to $11.87 premarket

Co beats Q1 profit estimates on the back of higher output and improved refining margins

Co posts Q1 adj. profit of 47 Canadian cents per share vs estimates of 37 Canadian cents per share - LSEG data

CVE posts Q1 upstream production of 818,900 boepd up from 800,900 boepd last year

Q1 downstream throughput rose to 665,400 bpd, compared with 655,200 bpd last year

As of last close, stock is down 22.4% YTD