Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Insider Trading

MEG Energy directors buy after IPO Add to ...

Today, we turn our attention to the oil sands group. MEG Energy Corp.'s stock went public at $35 in the middle of the summer when market sentiment was at its worst. Nevertheless, the firm managed to raise $700-million. Earlier this week, director James McFarland bought 500 shares in the public market at $43.50. During August and September, director Harvey Doerr bought 9,600 shares between the prices of $31.80 and $35.15. Among large-cap stocks on the TSX, executives at MEG have above-median beneficial equity ownership in their firm.







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.

Follow on Twitter: @TedDixon

In the know

Most popular videos »

Highlights

More from The Globe and Mail

Most popular