Report: Energy insiders buy the pullback
Canadian energy sector insiders have picked up their buying as seen by a large jump in the 30-day INK Energy Indicator to 800% this week. That means there have been eight stocks with key insider buying over the past 30 days for every one stock with selling. On March 13th in the Morning INK Report, we highlighted three stocks with recent insider buying, Parkland (PKI), Total Energy Services (TOT) and Cenovus (CVE). If you have not read the report, I have attached it below.
The jump in our indicator is clearly a positive development and we will update our take on the indicator's rise our next Market INK report to be published Monday. As we discussed in the March Top 40, energy stocks are still generally punching below their weight in our rankings. With insider buying on the rise, that may be set to change. We will be publishing the INK Top 30 Energy Report over the next two weeks, and we will be looking to see how many of the names have a sunny outlook which would put them in the top 10% of all stocks ranked. Last month 16 had sunny outlooks with the balance being in the mostly sunny category. You can learn more about the INK Edge outlook ranking system in our short INK Edge 10-year anniversary video available below or via our YouTube channel.
File:
Morning_INK_13Mar2025.pdf