It was a tough first half of the year for oil and gas and mining stocks with the energy and materials sectors declining 12 per cent and 11 per cent respectively. However, not all resource stocks have dropped. In particular, Canfor stock gained 14 per cent over the period. Director Jim Pattison has been buying company shares over the past few years and he is at it again. Since May 8, he has bought 1,135,500 shares at an average price of $11.14. In addition, on May 9, director Conrad Pinette bought 5,000 shares at $10.56.
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.