Despite the recent news that a federal court decision has put a halt to construction, at least for now, of the Trans Mountain pipeline expansion, oil patch insiders remain optimistic.
Our energy sector sentiment indicator has ticked up above 300 per cent, meaning there are more than three stocks with key insider buying for every one with selling.
One of the stocks with buying is Whitecap Resources Inc.
On Aug. 31, chief executive officer Grant Fagerheim bought 30,000 shares at $8.13 in the public market. A day earlier, Thanh Kang bought 2,050 shares.
Graph Footnote: Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.
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.