Tourmaline Oil (TOU) has notable insider buying

Tourmaline Oil (T:TOU)

Tourmaline Oil Corp. (TOU) has a high amount of executive buying compared to its mid-cap peers over the past three months. According to regulatory filings yesterday, three insiders have invested a total amount of $158,902.William Scott Kirker, a Senior Officer, acquired 2,000 Common Shares on a direct ownership basis at a price of $17.679 through the public market on December 6th, 2018. This represents a $35,358 investment into the company's shares and an account share holdings change of 0.3%.

Mike Rose, CEO, acquired 5,000 Common Shares on a direct ownership basis at a price of $17.749 through the public market on December 6th, 2018. This represents a $88,744 investment into the company's shares and an account share holdings change of 0.0%.

Ron Wigham, a Director, acquired 2,000 Common Shares on an indirect ownership basis for registered holder Melissa Wigham at a price of $17.400 through the public market on December 6th, 2018. This represents a $34,800 investment into the company's shares and an account share holdings change of 6.9%.

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.