Globe says Suncor insiders seen buying shares
2021-03-29 08:02 ET - In the News
The Globe and Mail reports in its Saturday, March 27, edition that small-cap oil and gas exploration and production stocks have been leading the way over the past six months as the energy sector has rallied. The Globe's guest columnist Ted Dixon writes in the Who Is Buying and Selling column that for those without the risk tolerance to go into smaller names, giant Suncor Energy ($26.78), which has been a laggard in the sector, may be poised to make up some ground. On March 3, chief transformation officer Bruno Francoeur bought 8,000 common shares at $25.68. Earlier, on Feb. 8, senior vice-president of operations services Joseph Vetrone bought 10,000 common shares at an average price of $22.23. The Globe reported on Jan. 26 that ATB Capital Markets analyst William Lacey began coverage on Suncor Energy with an "outperform" recommendation. The shares could then be had for $22.33. The Globe reported from Feb. 3 that Desjardins Securities analyst Justin Bouchard maintained his rating on Suncor Energy at "buy." The shares could then be had for $21.55. The Globe reported on Jan. 5 that Raymond James analyst Chris reiterated his "outperform" ranking for Suncor Energy when it could be had for $21.97