It has been a tough start to the year for Canadian natural gas-focused producers with most falling in the first week of trading. Birchcliff Energy Ltd. (BIR-T) is down 6.0 per cent in the first four trading days this year and is down 9.1 per cent over the past month. Over the past month, six insiders have spent a total of $256,569 buying shares in the public market. The biggest buyer was CFO Bruno Geremia, who bought 9,000 shares between Dec. 12 and Jan. 5 at an average price of $7.30.
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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.