An oil pump works at sunset.Hasan Jamali/AP
As the share price of mid-cap oil and gas producer Pengrowth Energy Corp. has come under pressure in the wake of the European sovereign debt crisis, some insider buying has emerged. Over the past 90 days, six insiders have been net buyers of 37,012 shares in the public market. Recent filings include directors James McFarland and Terrence Poole, who each bought 5,000 shares this month between the prices of $10.55 and $10.60.
The latest insider purchase took place Wednesday when vice-president Andrew Grasby bought 2,000 shares at $10.35.
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.