On May 5, Donald Marchand, CFO of TransCanada Corp., acquired 2,000 shares and a senior officer bought 10,800 shares in the public market. Insider buying is usually a signal of strength, but it is always prudent to evaluate it in context. The buying took place before Alberta's election results were in. At this point, the new government's policy, which seems to favour domestic pipeline projects, could be a mixed bag for TransCanada. However, rising bond yields may well be a bigger immediate challenge to the stock than a changing political landscape
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.