Public market insider selling at MEG Energy (MEG)

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

Derek Watson Evans, CEO and Director, disposed of 687,662 Common Shares on a direct ownership basis at prices ranging from $28.560 to $28.940 between March 4th, 2024 and March 6th, 2024. This represents a $19,729,166 divestment of the company's shares and an account share holdings change of -68.9%.

Lyle Stephen Yuzdepski, a Senior Officer, disposed of 80,000 Common Shares on a direct ownership basis at a price of $29.000 on March 5th, 2024. This represents a $2,320,000 divestment of the company's shares and an account share holdings change of -72.6%.

Erik Alexander Alson, a Senior Officer, disposed of 77,960 Common Shares on a direct ownership basis at prices ranging from $28.320 to $29.000 on March 5th, 2024. This represents a $2,231,240 divestment of the company's shares and an account share holdings change of -87.6%.

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 focused on sustainable in-situ thermal oil production in the southern Athabasca region of Alberta, Canada. The Company is engaged in the development of enhanced oil recovery projects that utilize steam-assisted gravity drainage extraction methods to improve the responsible economic recovery of oil, as well as lower carbon emissions. It transports and sells thermal oil (AWB) to customers throughout North America and internationally. The Company owns a 100% interest in over 410 square miles of mineral leases in the southern Athabasca oil region of Alberta, Canada and is primarily engaged in sustainable in situ thermal oil production at its Christina Lake Project. Christina Lake Project is a multi-phased project, located 150 kilometers south of Fort McMurray in northeast Alberta. It comprised of approximately 200 square kilometers of leases.