An EnCana pumpjack pumps oil out of the ground near Rockyford, Alta.TODD KOROL/Reuters
Our INK Energy indicator, which measures insider sentiment in the sector, is at its highest levels since the 2008 financial crisis. Natural gas giant Encana Corp. , is a stock in the group with some significant insider buying. Over the past 90 days, five company officer or director insiders have bought a combined total of 60,000 shares at an average price of $24.13. Other subsidiary insiders have also been buying stock in the market. We rarely see such multiple and unanimous insider buying in large cap names.
Disclaimer:
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.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.