Multiple buying at MEG Energy (MEG)

Multiple buying at MEG Energy (T:MEG)

Derek Watson Evans, CEO and Director, acquired 140,000 Common Shares on a direct ownership basis at prices ranging from $2.242 to $2.251 between October 29th and 30th, 2020. This represents a $314,690 investment into the company's shares and an account share holdings change of greater than 100%.

Two other insiders have also been buying over the same time period in smaller amounts.

MEG Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

MEG Energy Corp (MEG) is a Canada-based oil sands company. It is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is engaged in developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods. The Company has the following commercial SAGD projects: the Christina Lake Project and the Surmont Project. The Christina Lake Project is situated on over 80 square miles of oil sands leases in the southern Athabasca oil sands region of Alberta. MEG owns working interest in the oil sands leases associated with the Christina Lake Project. The Surmont Project comprises over 30 square miles of lands in the southern Athabasca oil sands region of Alberta. The Surmont Project is located approximately 50 miles south of Fort McMurray. MEG owns working interest in the oil sands leases associated with the Surmont Project.