Skip to main content

Today, we turn our attention to the oil sands group. MEG Energy Corp.'s stock went public at $35 in the middle of the summer when market sentiment was at its worst. Nevertheless, the firm managed to raise $700-million. Earlier this week, director James McFarland bought 500 shares in the public market at $43.50. During August and September, director Harvey Doerr bought 9,600 shares between the prices of $31.80 and $35.15. Among large-cap stocks on the TSX, executives at MEG have above-median beneficial equity ownership in their firm.







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.

Story continues below advertisement

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨