stock
With energy stocks off their spring highs, we are encouraged to see more oil patch insider buying. For example, from July 7 to 9, Obsidian Energy OBE-T CEO Stephen Loukas bought 16,000 common shares in the public market at an average price of $11.96. Meanwhile, on July 3, Director Edward Kernaghan bought 2,600 shares at an average price of $11.43. Obsidian expects 2026 average production to be 29,000 to 31,000 barrels of oil equivalent per day, and production growth of approximately 22 per cent in 2027.
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.