Skip to main content

The Globe and Mail

Friday’s Insider Report: Companies insiders are buying and selling

Manulife’s Bloor Street office in Toronto is seen in this file photo.

Glenn Lowson/The Globe and Mail

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships. The article features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security.

Selling activity may or may not be related to a stock's valuation; perhaps an insider needs to raise money for personal reasons. An insider's total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company's shares or units.

Story continues below advertisement

Let's begin the report featuring two energy stocks that have had recent insider buying activity.

Gibson Energy Inc. (GEI-T)

On Nov. 21, Chairman of the Board James Estey purchased a total of 36,000 shares in four different accounts (10,000 shares in each of three accounts and 6,000 shares in another account) at an average cost per share of $16.7995.

Tourmaline Oil Corp. (TOU-T)

Between Nov. 14 and Nov. 23, Chairman, President, and Chief Executive Officer Michael Rose has accumulated a total of 8,000 shares, lifting his sizeable portfolio position to 10,234,326 shares.


The following companies have had recent insider selling activity.

Story continues below advertisement

Finning International Inc. (FTT-T)

On Nov. 17, the President and Chief Executive Officer Scott Thomson exercised his options, receiving 54,817 shares. He subsequently sold 13,082 shares at an average price per share just above $31. His remaining portfolio balance is 160,378 shares.

Manulife Financial Corp. (MFC-T)

On Nov. 20, Chief Investment Officer Warren Thomson exercised his options and sold the corresponding number of shares (255,948) at an average price per share above the $26 level. His remaining portfolio balance stood at 10,224 shares.

On Thursday, we reported that Thomas Jenkins, who sits on the board of directors, sold 233,000 shares at an average price per share above $21 (U.S.) on Nov. 16 in an account that he has control or direction over (Mistera Ventures Corp.), eliminating the portfolio's position.

Report an error Licensing Options
About the Author
Equities analyst

Jennifer Dowty has been an investment reporter and equities analyst at The Globe and Mail since 2015. Prior to joining The Globe and Mail, she worked for approximately 18 years in the financial industry, of which nearly 14 years were at Manulife Asset Management. More


The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

Please note that our commenting partner Civil Comments is closing down. As such we will be implementing a new commenting partner in the coming weeks. As of December 20th, 2017 we will be shutting down commenting on all article pages across our site while we do the maintenance and updates. We understand that commenting is important to our audience and hope to have a technical solution in place January 2018.

Discussion loading… ✨