The share price of natural gas giant Tourmaline Oil Corp. (TOU-T) struggled for the first seven months of the year, but it has been regaining some ground since we last featured it here in early August. Importantly, insiders are continuing to buy in the public market. From Aug. 8 to Nov. 17, five insiders bought a total of 259,500 common shares at an average price of $58.38. The largest buyer was president and CEO Mike Rose, who bought a total of 232,500 shares over that period.
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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.