Birchcliff Energy CEO buys pullback

Between concerns about a possible recession and ongoing geopolitical risks, energy markets have had a lot to digest over the past few weeks. There was some insider buying as oil and gas inventories fell. In natural gas-oriented Birchcliff Energy Ltd., three insiders bought a total of 21,880 common shares on the open market from Dec. 5-8 at an average price of $9.73. The largest buyer was Chairman and CEO Aaron Tonken, who bought a total of 19,415 common shares at an average price of $9.73.

Ted Dixon is CEO of INK Research, which provides insider tips and knowledge to investors.For more background information on insider reporting in Canada, please visit the FAQ section at Securities referenced in this profile may have appeared in recent reports distributed to INK subscribers. INK staff may also hold securities positions.

The chart reflects common stock or unit trust transactions in the open market by company officers and directors.

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