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 large-cap peers over the past three months. According to regulatory filings yesterday, two insiders have invested a total amount of $153,762.Mike Rose, CEO, acquired 5,000 Common Shares on a direct ownership basis at a price of $24.626 through the public market on March 16th, 2021. This represents a $123,130 investment into the company's shares and an account share holdings change of 0.1%.

Janet Weiss, a Director, acquired 1,234 Common Shares on a direct ownership basis at a price of $19.930USD through the public market on March 16th, 2021. This represents a $30,631 investment into the company's shares and an account share holdings change of 29.5%.

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.