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Stock impact report

Oil patch executives are stepping up purchases of their own shares, sparking hopes of a rebound [Toronto Globe and Mail (Ontario, Canada)]

ENCANA (ECA) 
Last encana earnings: 10/31 06:30 am Check Earnings Report
Oil patch executives are stepping up purchases of their own shares, sparking hopes of a rebound Oil patch executives are showing their faith in made-in-Canada energy by stepping up their purchases of shares in their own companies, a trend that flies in the face of rising insider sales in other sectors. At a time when domestic oil and gas plays face serious headwinds in the form of low commodity prices, pipeline bottlenecks and concerns about climate change, insiders are buying stock at a steadily increasing number of Canadian energy companies, according to a report published on Friday by AltaCorp Capital Inc. The Calgary-based investment bank found that in September, senior executives and directors were snapping up shares at more than two-thirds of the domestic oil and gas companies it tracks. AltaCorp’s research shows insider buying bottomed out in the spring of 216, about a year into a continuing slide in commodity prices, when just 15 per cent of domestic companies reported insider Show less Read more
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