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Our INK Energy indicator, which measures insider sentiment in the sector, is at its highest levels since the 2008 financial crisis. Natural gas giant Encana Corp. (ECA-T21.080.311.49%), is a stock in the group with some significant insider buying. Over the past 90 days, five company officer or director insiders have bought a combined total of 60,000 shares at an average price of $24.13. Other subsidiary insiders have also been buying stock in the market. We rarely see such multiple and unanimous insider buying in large cap names.
Regards,
Don
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