Friday’s Insider Report: Incoming and outgoing CEOs of this energy company invest almost $1-million each Listed below is an energy stock that has had recent buying activity in the public market reported by insiders.
Cenovus Energy Inc.
On Feb. 17, Jon McKenzie invested over $1.2-million in shares of Cenovus. He acquired 50,000 shares at a cost per share of $24.83, increasing this particular account’s position to 484,788 shares.
That day, Alex Pourbaix invested over $980,000 in shares of the company. He purchased 40,000 shares at an average price per share of approximately $24.55, lifting this specific account’s holdings to 1,252,938 shares.
On Feb. 16, the company announced Mr. McKenzie, the company’s current chief operating officer, will assume the role of president and chief executive officer on April 26. Current president and chief executive officer Mr. Pourbaix will become the executive chair.