Over the past year, insiders at UTS Energy Corp. have acquired more than $350,000 worth of stock in the public market. The buying has continued even as the Copenhagen climate summit approaches. It is widely thought that oil sands production will be in for a rough ride as the world strives to reach an agreement about managing greenhouse gas emissions.
However, insiders seem to be betting on growth for the industry, at least at UTS. The most recent insider purchase took place on Dec. 8 when director Bonnie DuPont bought 15,000 shares at $2.15.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. Investments profiled are from a recent edition of the Morning INK report which is distributed daily to subscribers and clients of select financial institutions. INK staff may hold shares in profiled securities.