Whitecap Resources Inc. WCP-T caught our attention this week as it reported $52.9-million worth of buybacks in August, enough to grab 15th spot in our top 100 issuers with buybacks report. Whitecap reported repurchasing 5,195,200 shares at $10.18 (not on chart). Meanwhile, over the past six months, five insiders spent just over $1-million buying shares in the public market. That helped Whitecap climb into the INK Edge sunny category representing the top 10 per cent of all stocks ranked on the basis of value, insider commitment and price momentum.
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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 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.