Public market insider selling at Cenovus Energy (CVE)

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

Jeffrey Ryan Hart, CFO, disposed of 40,000 Common Shares on a direct ownership basis at a price of $26.025 on March 20th, 2024. This represents a $1,041,004 divestment of the company's shares and an account share holdings change of -44.1%.

Andrew Dahlin, a Senior Officer, disposed of 25,000 Common Shares on a direct ownership basis at a price of $25.986 on March 20th, 2024. This represents a $649,658 divestment of the company's shares and an account share holdings change of -47.2%.

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. The Company has oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. The Company's segments include Upstream, Downstream, and Corporate and Eliminations. Its Upstream segment includes Oil Sands, Conventional, and Offshore. Its Downstream segment consists of Canadian Manufacturing, and United States Manufacturing. 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. The Company's downstream operations include upgrading and refining operations in Canada and the United States, and commercial fuel operations across Canada. Cenovus Energy Inc. (CVE) has a high amount of executive buying compared to its large-cap peers in the market over the past three months. According to regulatory filings yesterday, two insiders have divested a net amount of $1,690,662.