Today, we return to the oil patch where we see some insider buying at Crescent Point Energy Corp. The share price has been on a slide over the past couple of weeks. With production 90-per-cent weighted towards light and medium oil as well as liquids, the stock appears to have been caught in the recent crude price downdraft. Since April 12, Crescent Point director Kenny Cugnet has bought 21,128 shares in the public market at an average price of $35.73.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.