Our energy sector sentiment indicator is back at depressed levels, despite a surge in oil prices and Canadian drilling activity. Penn West Petroleum is one company seeing some selling. Over the last 30 days, insiders have been net sellers of 857,866 shares in the public market. During the same period, officers who are insiders exercised 840,720 options with an exercise price of $23.84. In terms of public market activity, during the period there were 12 sellers and two buyers. One of the buyers was CEO William Andrew who bought 3,000 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.