In January, we wrote that as natural gas prices were falling, some insiders were buying at low-cost producer Peyto Exploration & Development Corp. Recently, the stock price has rallied on the back of a recovery in natural gas and takeover activity in the sector. Now some insiders are selling. Over the past month, three insiders have sold a combined total of 32,500 shares in the public market at an average of $24.74. The latest sale was on Oct. 17 when chief financial officer Kathy Turgeon sold 5,000 shares at $25.72.
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.