Cenovus Energy rises on higher quarterly profit

Shares of Canadian oil and gas producer Cenovus Energy CVE.TO rise 3.7% to C$24.33

Company posts rise in Q3 profit, driven by higher upstream production and refinery throughput volumes

CVE reports net income of C$1.29 billion ($919.85 million) vs C$820 million a year earlier

Company posts Q3 total upstream production at 832,900 barrels of oil equivalent per day (boepd), up from 771,300 boepd a year earlier

CVE reports Q3 total downstream throughput at 710,700 barrels per day (bpd), compared with 642,900 bpd a year earlier

*"We expect near-term the focus will remain on closing the MEG transaction," UBS analyst Manav Gupta says

Including session's moves, stock up 10.6% YTD

($1 = 1.4024 Canadian dollars)