Our INK Energy indicator, which measures insider sentiment in the sector, is at its highest levels since the 2008 financial crisis. Natural gas giant Encana Corp. ECA-T, is a stock in the group with some significant insider buying. Over the past 90 days, five company officer or director insiders have bought a combined total of 60,000 shares at an average price of $24.13. Other subsidiary insiders have also been buying stock in the market. We rarely see such multiple and unanimous insider buying in large cap names.
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.
