The Globe and Mail reports in its Tuesday, Jan. 20, edition that Cenovus Energy received good news last week when the U.S. Energy Information Administration forecast that U.S. oil production is expected to decline starting in 2027. The Globe's guest columnist Ted Dixon writes that Cenovus's decision last year to acquire MEG Energy with its Christina Lake long-life oil assets now makes better sense. In the first nine months of 2025, Cenovus reported producing 805,900 barrels of oil equivalent per day. Chinese sales volume in the same period accounted for 38,100 boe/d. Cenovus's Chinese exposure is through the Liwan gas project, which began producing in 2014. The project is operated by CNOOC. Cenovus holds a 49-per-cent interest in the Liwan 3-1 and Liuhua 34-2 fields. It also holds a 75-per-cent interest in the Liuhua 29-1 field, which achieved first production in November, 2020. Cenovus's exploration efforts with CNOOC are continuing, and last week s advancement in bilateral relations provides an enhanced backdrop for Cenovus's China-related investment initiatives. In terms of insider activity, Cenovus director Michael Crothers bought 500 shares on Jan. 6 at $22.39. That follows his purchase of 2,500 shares in December.