UPDATE: Goldman Sachs Downgrades Cenovus Energy to Neutral, ExxonMobil on Conviction List

Goldman Sachs downgraded its rating on Cenovus Energy CVE from Buy to Neutral. At the same time, the rating agency has placed ExxonMobil XOM to its Conviction list. On Wednesday, CVE lost 1.7% of its value to finish the day at $33.60. Its shares continued to slide in today's pre-market trading, falling 0.3% to stand around $33.50. At the same time, XOM lost 4.41% of its value on Wednesday to finish the day at $68.03. However, its shares started to rebound in today's pre-market trading, rising 0.76% to stand around $68.55.