Jonathan Michael McKenzie, executive of Cenovus Energy Inc. (TSX:CVE), picked up 145,009 Common Shares at an average of $45.07 — a $6.5M buy on Aug 18, 2026.
The purchase grows their position by 21%. They still hold 843,824 shares — a stake worth roughly $37.8M at today's price.
CVE shares are trading around $44.83, down 0.9% in the latest session, up 7% over the past three months, and up 86% this year. The stock has ranged from $20.61 to $45.22 over the past 52 weeks and sits within 1% of that high.
Growing a stake by 21% isn't pocket change — this looks like a bet on the company's next chapter.
