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Ships and drilling rigs surround the Discoverer Enterprise as it continues to recover oil from the Deepwater Horizon drill site in the Gulf of Mexico (© Sean Gardner / Reuters)
Ships and drilling rigs surround the Discoverer Enterprise as it continues to recover oil from the Deepwater Horizon drill site in the Gulf of Mexico (© Sean Gardner / Reuters)

Insider Trading

Insiders are buying again at Coastal Energy Add to ...

We wrote about insider buying at Thailand-focused Coastal last August when the stock was trading just over $3. The share price subsequently moved above $6 in early January at which point there was some insider selling. Following a pull back from the year's highs, the stock found some price support last month and now insiders are buying again as the share price rallies.

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The most recent public-market buying took place between June 24 and June 25 when director Bernard de Combret bought 150,000 shares at prices ranging from $4.22 to $4.24. Director John Zaozirny also acquired 25,000 shares through option exercises around the same time (not shown on chart).

It can be a positive sign when insiders buy as the share price is rising. It also encouraging to see insiders exercising options and not selling.



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.

Follow on Twitter: @TedDixon

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