GasFrac Energy Services Inc. hit $14.62 in 2011 on expectations the firm's proprietary waterless fracturing service would be a hit in the North America shale oil and gas boom. However, as uncertainty in the oil patch increased last year, the company's momentum took a hit. The stock is now off its low of $1.23 this fall and insiders have been buying. Over the past 90 days, five directors have spent over $275,000 buying shares in the public market. The latest buy was on Jan. 8 when Robert Maitland bought 8,200 shares.
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.Report Typo/Error