Cenovus Energy (CVE) has notable insider buying

Cenovus Energy (T:CVE)

Alan Craig Reid, a Senior Officer, acquired 4,100 Common Shares on a direct ownership basis at a price of $12.210 through the public market on June 15th, 2018. This represents a $50,060 investment into the company's shares and an account share holdings change of 17.3%.

Cenovus Energy Inc is a Canada-based integrated oil company. It operates in the business of developing, producing and marketing crude oil, Natural Gas Liquids (NGLs) and natural gas in Canada. The Company also conducts marketing activities and owns refining interests in the United States (U.S.). Its segments include: Oil Sands, which includes the development and production of bitumen and natural gas in northeast Alberta; Conventional, which includes the development and production of conventional crude oil, NGLs and natural gas in Alberta and Saskatchewan, including the heavy oil assets at Pelican Lake, the carbon dioxide (CO2) enhanced oil recovery (EOR) project at Weyburn and emerging tight oil opportunities; Refining and Marketing, which includes transporting and selling crude oil and natural gas and joint ownership of refineries in the U.S., as well as Corporate and Eliminations.