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Multiple insiders buy as Strategic shares stumble

Strategic Oil & Gas Ltd. stock tumbled in late May following the release of first-quarter results.

John Ulan/The Canadian Press

Strategic Oil & Gas Ltd. stock tumbled in late May following the release of first-quarter results. As the share price has fallen, five insiders at the Alberta- and B.C.-focused producer have been picking up stock. This multiple buying, which includes the CEO and CFO, sends a strong insider contrarian signal. Such signals are of interest to long-term investors with a high degree of risk tolerance. The biggest purchaser over the past 30 days was board chair Thomas Claugus who spent $1,739,129 acquiring 1,978,700 shares.

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.

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