Public market insider selling at Cenovus Energy (CVE)

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

Alex Pourbaix, CEO and Director, disposed of 600,000 Common Shares on a direct ownership basis at a price of $18.080 on January 12th, 2022. This represents a $10,848,000 divestment of the company's shares and an account share holdings change of -43.3%.

Gary Frederick Molnar, a Senior Officer, disposed of 50,000 Common Shares on a direct ownership basis at a price of $18.080 on January 12th, 2022. This represents a $904,000 divestment of the company's shares and an account share holdings change of -62.8%.

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

Cenovus Energy Inc. is a Canada-based integrated energy company, which is engaged in producing, refining and upgrading crude oil and natural gas, with operations in Canada, the United States and the Asia Pacific region. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. The Upstream segment includes Oil Sands, Conventional, and Offshore. The Downstream Segment includes Canadian Manufacturing, United States Manufacturing, and Retail. The Company's upstream operations include oil sands projects in northern Alberta, thermal and conventional crude oil, natural gas and natural gas liquids (NGLs) projects across Western Canada, crude oil production offshore Newfoundland and Labrador and natural gas and NGLs production offshore China and Indonesia. Its downstream operations include upgrading, refining and retail operations in Canada and the United States.