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The Globe and Mail

Husky Energy insiders buck the sector selling trend

Insiders continue to sell at an above average clip in the energy sector. However, there remain a number of situations where insiders are buying. Husky Energy Inc. is a case in point. Over the past 12 months, 4 insiders who are either senior officers or directors have spent $1.6-million buying shares in the public market. The most recent purchase took place on March 27 when chief operating officer Robert Peabody bought 6,000 shares between the prices of $32.67 and $32.71.

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 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.

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