September 27, 2018 / 2:50 PM / 3 months ago

BUZZ-Cenovus Energy: Gains on crude oil transport deal

** U.S. shares of Cenovus Energy rise 4.5 pct after the Canadian energy producer signs 3-year deals with 2 major railways to transport crude

** Cenovus will start shipments of crude on Canadian National Railway from Q4 2018 and Canadian Pacific Railway Ltd in Q2 2019

** To transport about 100k bpd of crude from Northern Alberta to the U.S. Gulf Coaston

** Toronto-listed Cenovus stock gains 5.5 pct at C$12.67 in early trade on Thursday; CNR up 0.5 pct while CP rose 0.9 pct

** Including Thursday’s early gains, U.S. shares of Cenovus up 6.3 pct while TSX shares rose 10.2 pct this year (Reporting by Medha Singh in Bengaluru)

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