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Over the past six months, two insiders of Cardinal Energy Ltd. (Friday’s close $2.84) spent $111,675 buying shares in the public market. The biggest buyer was oil patch veteran John Brussa, who picked up 39,000 shares at an average price of $1.98. The other,and most recent buyer, was chief executive officer Scott Ratushny, who spent $34,395. His latest was on Jan. 2 when he bought 6,000 shares between the prices of $2.59 and $2.63. At that point, the stock had rallied more than 35 per cent off its 52-week low of $1.90.

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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.