Public market insider selling at MEG Energy (MEG)

Public market insider selling at MEG Energy (T:MEG)

Chi-Tak Yee, a Senior Officer, disposed of 92,100 Common Shares on a direct ownership basis at prices ranging from $20.993 to $22.280 between May 5th, 2022 and May 6th, 2022. This represents a $1,992,786 divestment of the company's shares and an account share holdings change of -33.3%.

Jeremy James Gizen, a Senior Officer, disposed of 43,867 Common Shares on a direct ownership basis at prices ranging from $20.950 to $21.500 on May 5th, 2022. The insider also disposed of 15,000 Common Shares on an indirect ownership basis for registered holder RRSP at a price of $20.918 on May 5th, 2022. This represents a $1,251,321 divestment of the company's shares and an account share holdings change of -69.2%.

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

MEG Energy Corp. is a Canada-based energy company. The Company is focused on thermal oil production in the southern Athabasca region of Alberta, Canada. The Company transports and sells its thermal oil production to refiners throughout North America and internationally. The Company is actively developing enhanced oil recovery projects that utilize steam-assisted gravity drainage (SAGD) extraction methods to improve the economic recovery of oil as well as lower carbon emissions. The Company's operating projects include Christina Lake Project, Surmont Project and Growth Properties. The Christina Lake Project is focused on oil development located in the southern Athabasca region, which is a multi-phased project located approximately 150 kilometres south of Fort McMurray in northeast Alberta. The Surmont project is located in the southern Athabasca region of Alberta, approximately 80 kilometres south of Fort McMurray.