We have been closely watching insiders in the energy space since stocks set their early March lows. It has caught our attention that Don Gray is buying again at Alberta natural gas focused Peyto Exploration and Development Corp. (PEY-T), where he is chairman. The stock is up more than 40 per cent since we last highlighted him buying company shares in the INK Research morning report on Sept. 26, 2023. Since March 12, he has bought 141,900 common shares at an average price of $16.78, while director Stephen Chetner also bought 12,000 shares.
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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.