With oil and gas stocks generally out-of-favour on the back of plunging crude prices, insiders are signalling that investors might be over-reacting in selling their shares of Inter Pipeline Ltd. In Q3 filings, the company said its Cold Lake and Polaris pipeline systems expansion is expected to eventually boost EBITDA by about 60 per cent over 2013 levels. Meanwhile, over the past 90 days six insiders at the firm have spent $437,889 buying shares in the public market. Inter Pipeline is a member of the INK Canadian Insider Index.
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.
