This week the International Energy Agency released a report suggesting the U.S. will be the world's largest oil producer in 2015. However, once production peaks next decade, the Middle East should regain the lead. The forecast could serve as a wake-up call to those who assume the Alberta oil sands might be fading in terms of strategic importance. Canadian Oil Sands Ltd. could benefit from improving sentiment. Over the past six months, six insiders spent $259,610 buying stock in the public market while only one insider has sold.
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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.