Public market insider selling at Cenovus Energy (CVE)

Public market insider selling at Cenovus Energy (T:CVE)

Sarah Jane Walters, a Senior Officer, disposed of 87,082 Common Shares on a direct ownership basis at prices ranging from $16.170 to $16.305 on November 8th, 2021. This represents a $1,413,326 divestment of the company's shares and an account share holdings change of -83.5%.

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.