Heading towards Christmas, one stock on the wish list of insiders is Athabasca Oil Corp., up over 20 per cent in the past year.
While that hardly qualifies as a market laggard, it has trailed its peers in the S&P/TSX Capped Energy Index which is up 40 per cent. The stock got a boost on Dec. 14 after announcing the acquisition of Statoil ASA's Canadian thermal oil assets.
Since the news, three insiders have been buying.
The most recent was on Dec. 19 when a senior officer bought 50,000 shares at $1.83.
Disclaimer:
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 www.inkresearch.com. 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.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.