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Tamarack Valley Energy Ltd. (TVE-T) has been disposing of its non-core assets to focus on becoming a pure-play Clearwater formation producer in Alberta. On Sept. 8, it doubled down on Clearwater by announcing a merger with Headwater Exploration Inc. (HWX-T). Since the merger news, two Tamarack Valley insiders have spent $685,058 buying a total of 51,568 shares at an average price of $13.28. The biggest buyer was director Caralyn Bennett who bought 36,568 shares at $13.26. Chief financial officer Kevin Johnston bought 15,000 shares at an average price of $13.44.
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.