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Article content Suncor Energy Inc. and Cenovus Energy Inc., two of Canada’s three largest oil companies, reported better-than-expected quarterly profits Thursday and announced they cumulatively spent close to $2 billion on a combination of share buybacks, dividends and debt repayment in the second quarter. We apologize, but this video has failed to load. Try refreshing your browser. The oilpatch rebound is here: Suncor, Cenovus swing to profit amid higher oil prices, reopening economies Back to video Both companies have enjoyed a dramatic turnaround in oil prices over the past year, as the West Texas Intermediate benchmark is up 78 per cent over the past 12 months. WTI rose 2 per cent Thursday, or US$1.17 per barrel, to US$73.56 per barrel.

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