The stock of integrated oil and gas company Husky Energy Inc. has fallen about 40 per cent over the past year, lagging the S&P/TSX Capped Energy Index off about 24 per cent. However, since April 27, four insiders have spent $623,486 buying shares in the market. The biggest buyer was director Frank John Sixt who bought 30,000 shares at $16.250. Through their purchases, insiders seem to be suggesting that the stock may be worth a look for contrarian value-oriented energy investors given current valuations, such as a 3.9 trailing 12-month price-to-cash flow ratio.
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. 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.