Two insiders buying at Cenovus Energy (CVE)

Two insiders buying at Cenovus Energy (T:CVE)

Harbir Singh Chhina, a Senior Officer, acquired 60,000 Common Shares on a direct ownership basis at prices ranging from $13.551 to $13.600 between April 28th and May 1st, 2017. This represents a $814,420 investment into the company's shares and an account share holdings change of 14.9%.

Ian William Delaney, a Director, acquired 25,000 Common Shares on a direct ownership basis at a price of $13.476 on May 2nd, 2017. This represents a $336,905 investment into the company's shares and an account share holdings change of 14.3%.

Cenovus Energy is in the Oil & Gas Refining and Marketing Sub Industry Group under the Energy Sector.

Cenovus Energy Inc. is a Canada-based integrated oil company. The Company is engaged in the business of developing, producing and marketing crude oil, natural gas liquids (NGL) and natural gas. Its segments include Oil Sands, Conventional, Refining and Marketing, and Corporate and Eliminations. Its Oil Sands segment includes the development and production of bitumen and natural gas in northeast Alberta. Its bitumen assets include Foster Creek, Christina Lake and Narrows Lake, as well as projects in the early-stages of development, such as Grand Rapids and Telephone Lake. Its Conventional segment includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn. Its Refining and Marketing segment includes transporting and selling crude oil and natural gas and joint ownership of two refineries in the United States.