Eli Hartman/Reuters
U.S. President Donald Trump wandered into the global oil patch this week, predicting crude prices would soon drop below US$60 a barrel. Seasonal factors this fall could work in his favour, but Canadian oil patch insiders are taking an upbeat view. Cardinal Energy Ltd. CJ-T is an example. Although the stock has rallied about 26 per cent since we last featured it here May 9, insiders are still buying. Since the report, three insiders have bought a total of 125,733 shares in the public market at an average price of $6.28.
The Globe and Mail
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.