The Globe and Mail reports in its Friday, Aug. 4, edition that Baytex Energy released second quarter results on July 28 and investors appeared encouraged by the news as the stock jumped 9.2 per cent on the day. The Globe's regular columnist Ted Dixon writes in the Who Is Buying and Selling column that while the stock remains below its Feb. 27 close of $5.83, which was the day before Baytex released news that it planned to acquire U.S.-focused Ranger Oil, insiders have been buying the pullback. Since Feb. 28, nine insiders have spent a combined total of just over $5.3-million buying Baytex stock in the public market while one insider sold $155,255 worth of shares. The Globe reported on April 12 that RBC had boosted Baytex Energy to "outperform" from "sector perform." It was then worth $5.43. The Globe reported on June 22 that BMO Capital Markets analyst Michael Murphy had reaffirmed his "market perform" ranking for Baytex Energy. It was then worth $3.99. The Globe reported on July 21 that Canaccord Genuity analyst Mike Mueller commenced coverage on Baytex Energy with a "buy" recommendation and a $6 share target. The shares could then be had for $4.78.