In a global market where revenue growth among large companies is in short supply, Inter Pipeline Ltd. is one of those exceptions found in the Canadian energy sector.
According to Thomson Reuters, 12-month Inter Pipeline revenue is up 17.4 per cent. Investors bought the story, pushing the share price up 36 per cent over the past year. So has all the good news been priced in? Maybe not, at least around the $30 area.
Over the last 90 days, five insiders have bought a total of 12,100 shares at an average price of $30.61.
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.