16-05-2025
Insiders buy at long-life asset Cenovus Energy
With risks rising that U.S. onshore oil production may have peaked, we continue to watch for insider buying in oil patch stocks that have long-life assets. A recent example is Cenovus Energy Inc. (CVE-T), which had a proved plus probable reserves life index of about 29 years at the end of 2024. From March 18 to May 9, five insiders bought a total of 19,434 common shares in the public market at an average price of $17.26. Most recently, director Michael Crothers bought 1,000 shares at $18.14 on May 9.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
