While the world will be coming to Vancouver for gold in 2010, Asia may be coming back to British Columbia in 2014 for liquefied natural gas. The destination will be Kitimat which is on track to open North America's second LNG export terminal. Pacific Trail Pipelines (PTP) is hoping to connect the terminal with the Spectra Energy pipeline in central B.C. The largest shareholder of PTP is Pacific Northern Gas Ltd. PNG-T .
Over the past 90 days, officers and directors at the company have spent more than $500,000 acquiring common shares through either the public market or option exercises. So far, we have not seen any of the insiders who exercised options sell shares. Most of the option activity took place at the end of January, so investors may want to keep an eye on filings at the firm.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
