Following news of Schlumberger's deal to buy Cameron International, there was speculation in Canada's oil patch of who might be next in line to be taken out. One name that came up was Precision Drilling Corp. where insiders, including the CEO, have been buying recently. From August 21 to August 25, CEO Kevin Neveu acquired a total of 10,000 common shares on a direct ownership basis at an average price of $5.47. Over the last month, six insiders including the CEO have bought shares in the public market.
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. 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.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.