Will expected Republican gains in U.S. November elections reignite investor enthusiasm with Alberta oil sands stocks as recently mused by BMO advisor Don Coxe? Insiders at Athabasca Oil Sands Corp. seem to be betting on better days ahead. Board chairman William Gallacher has bought 656,900 shares of the company since its initial public offering in April. His most recent trade took place on Oct. 13 when he purchased 100,000 shares in the public market at $11.17.
The chairman has not been the only insider buying. In June, CEO Sveinung Svarte bought 25,000 shares at $12.25.
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.