A natural gas drilling well near Calgary in this 2007 photo. Demand for natural gas has been dropping in key markets all winter, courtesy of La Nina.© Todd Korol / Reuters
We are keeping an eye on insiders in the energy sector after Ottawa failed to approve the Petronas takeover of Progress Energy last weekend. While insider filings in oil and gas stocks has been subdued, blackout periods related to earnings season may be a limiting factor. A company that has popped up on our screens is Cequence Energy Ltd. Company director James Gray bought 50,000 shares in the public market at $1.84 on Monday. Another director picked up 2,500 shares the same day. (Click on the chart on the left.)
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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.