Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Strategic Oil & Gas Ltd. stock tumbled in late May following the release of first-quarter results. (John Ulan/The Canadian Press)
Strategic Oil & Gas Ltd. stock tumbled in late May following the release of first-quarter results. (John Ulan/The Canadian Press)

WHO’S BUYING AND SELLING

Multiple insiders buy as Strategic shares stumble Add to ...

Strategic Oil & Gas Ltd. stock tumbled in late May following the release of first-quarter results. As the share price has fallen, five insiders at the Alberta- and B.C.-focused producer have been picking up stock. This multiple buying, which includes the CEO and CFO, sends a strong insider contrarian signal. Such signals are of interest to long-term investors with a high degree of risk tolerance. The biggest purchaser over the past 30 days was board chair Thomas Claugus who spent $1,739,129 acquiring 1,978,700 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.

Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.

 
Live Discussion of SOG on StockTwits
More Discussion on SOG-X

More Related to this Story

Topics:

Globe Investor - GIT Upsells
It's never been a better time to get Globe Unlimited
Try Globe Unlimited, featuring new Globe Investor Tools, for a special trial rate. Only 99¢ for your first month.

Are you a Globe Investor Gold subscriber?
You qualify for complimentary access to Globe Unlimited.
Visit: globeandmail.com/globeplusunlimited
Try it today

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories