We have been keeping an eye on how insiders have been reacting to hostilities in the Middle East. In the oil patch, Baytex Energy BTE-T has caught our attention. The stock is up more than 30 per cent over the past 90 days, but despite the rally insiders continued to buy this week. On Monday, two insiders bought a total of 33,500 shares in the public market at an average price of $5.43. On Wednesday, CEO Eric Greager also bought 33,500 shares at an average price of $5.59.
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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.