Oil rigs in Taft, Calfornia.Getty Images
While others may be talking about the Greek debt crisis in Europe, we are focusing on something more down to earth: natural gas. Euro zone natural gas shale deposits have the potential to change the balance of energy power on the continent. A Canadian-listed company, BNK Petroleum Inc., may have a role to play, given its involvement with Polish Basin emerging shale projects. We last highlighted buying in the company in the first week of January. While our featured stocks do not all work out this way, BNK has jumped more than 70 per cent since the report. Despite these gains, substantial insider buying continues.
On Wednesday, BNK Petroleum board chair Ford Nicholson bought 600,200 shares in the public market at $2.03. Chief executive officer Wolf Regener has also been buying. His largest reported transaction this month took place on March 3 when he bought 20,000 shares in the public market at $2.25.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.