Between worries about a possible recession and ongoing geopolitical risks, energy markets have had a lot to digest over the past few weeks. As oil and gas stocks have fallen, some insider buying has emerged. At natural gas-oriented Birchcliff Energy Ltd., three insiders bought a total of 21,880 common shares in the public market from Dec. 5-8 at an average price of $9.73. The largest buyer was Chairman and CEO Aaron Tonken, who bought a total of 19,415 common shares at an average price of $9.73.
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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