Public market insider selling at Tourmaline Oil (TOU)

Public market insider selling at Tourmaline Oil (T:TOU)

Mike Rose, CEO, disposed of 828,900 Common Shares on a direct ownership basis at prices ranging from $7.060 to $7.140 between March 23rd, 2020 and March 24th, 2020. The insider also disposed of 175,000 Common Shares on an indirect ownership basis for registered holder Pegmatite Capital Corp. at prices ranging from $7.020 to $7.060 between March 23rd, 2020 and March 24th, 2020. This represents a $7,138,364 divestment of the company's shares and an account share holdings change of -10.5%.

John William Elick, a Director, disposed of 2,750 Common Shares on a direct ownership basis at a price of $6.815 on March 23rd, 2020. This represents a $18,741 divestment of the company's shares and an account share holdings change of -19.9%.

Tourmaline Oil is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Tourmaline Oil Corp is a Canada-based company engaged in oil and gas exploration and production business sector. The Company is crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. The Company has assembled an undeveloped land position with a multi-year drilling inventory and operating control of natural gas processing and transportation infrastructure in three core long-term growth areas. The Company is focused on three core areas: the Alberta Deep Basin, Northeast British Columbia Montney and the Peace River Triassic Oil Complex.