This week we look at insider accumulation at light-oil focused Whitecap Resources. For 2014, the company expects to generate $2.14 in funds flow per share, up 16 per cent from the year before, while production is expected to jump 60 per cent. It caught our eye that insiders have been net accumulators this month as the share price has cooled off. So far in July, insiders are net buyers of 52,057 shares through either options or the public market. CEO Grant Fagerheim bought 10,000 shares in the market between $15.50 and $15.82.
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.