Investors who take an interest in Tourmaline Oil Corp. (TSE:TOU) should definitely note that the Chairman of the Board, Michael Rose, recently paid CA$62.32 per share to buy CA$312k worth of the stock. Although the purchase is not a big one, by either a percentage standpoint or absolute value, it can be seen as a good sign.

Our free stock report includes 1 warning sign investors should be aware of before investing in Tourmaline Oil. Read for free now.

Tourmaline Oil Insider Transactions Over The Last Year

The insider, William Kirker, made the biggest insider sale in the last 12 months. That single transaction was for CA$4.4m worth of shares at a price of CA$66.37 each. That means that an insider was selling shares at around the current price of CA$65.03. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. William Kirker was the only individual insider to sell over the last year.

Happily, we note that in the last year insiders paid CA$4.6m for 74.02k shares. But insiders sold 66.00k shares worth CA$4.4m. Overall, Tourmaline Oil insiders were net buyers during the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

See our latest analysis for Tourmaline Oil TSX:TOU Insider Trading Volume May 15th 2025

There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this freelist of undervalued small cap companies that insiders are buying.

Does Tourmaline Oil Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Tourmaline Oil insiders own 4.9% of the company, currently worth about CA$1.2b based on the recent share price. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.

What Might The Insider Transactions At Tourmaline Oil Tell Us?

It is good to see recent purchasing. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Tourmaline Oil. Looks promising! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. You'd be interested to know, that we found 1 warning sign for Tourmaline Oil and we suggest you have a look.

Story Continues

But note: Tourmaline Oil may not be the best stock to buy. So take a peek at this freelist of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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