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Cenovus Energy (T:CVE) has notable insider buying

Updated Wednesday Sep 25, 2019 03:09 AM EDT

Cenovus Energy Inc. (CVE) has a high amount of executive buying compared to its large-cap peers over the past three months.

Jonathan McKenzie, a Senior Officer, acquired 15,000 Common Shares on a direct ownership basis at a price of $12.880 through the public market on September 24th, 2019. This represents a $193,196 investment into the company's shares and an account share holdings change of 17.3%.

Cenovus Energy is in the Integrated Oil & Gas Sub Industry Group under the Energy Sector.

Cenovus Energy Inc is a Canada-based integrated oil and natural gas company. The Company's operations, include oil sands projects in northern Alberta and oil production in Alberta and British Columbia. The Company is owner of two projects that are producing oil, Christina Lake and Foster Creek. The oil sands projects use a drilling method called steam-assisted gravity drainage or SAGD for short. The SAGD process uses natural gas to heat water into steam, which helps The Company to extract the oil out of the oil sands. The company also holds interest in two United States refineries, Wood River located in Roxana Illinois and Borger located in Borger Texas.

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Go to Cenovus Energy Inc. (CVE)'s company page

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