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, two insiders have invested a total amount of $416,332.
John William Elick, a Director, acquired 2,500 Common Shares on a direct ownership basis at a price of $18.180 through the public market on November 9th, 2020. This represents a $45,450 investment into the company's shares and an account share holdings change of 17.1%.
Mike Rose, CEO, acquired 20,000 Common Shares on a direct ownership basis at prices ranging from $18.319 and $18.700 through the public market on November 9th, 2020. This represents a $370,882 investment into the company's shares and an account share holdings change of 0.2%.
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.
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