Athabasca Oil stock hit a 52-week high of $1.98 in May, and shares are about 50 per cent over the last three months. The company has long-term access to the Trans Mountain expansion pipeline.
Meanwhile, insider commitment at the firm is growing.
Officers acquired 970,806 shares since Dec. 31, largely via numerous restrictive share unit conversions into common shares which these insiders used on net to increase their holdings.
Also note that as the stock traded near May highs, vice oresident Matthew Taylor bought $17,950 worth of stock.
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.
Ted Dixon