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While markets have been off to a strong start this year, some stocks have been left behind. In particular, natural gas drillers have taken it on the chin in wake of a selloff in natural gas prices. At Alberta-focused Peyto Exploration & Development there has been both insider buying and selling this month. However, what caught our attention were purchases by company founder Don Gray. In our experience, Mr. Gray has a good nose for opportunity. In true contrarian fashion, on Jan. 19 he bought 5,000 shares at $20.05.
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.