The Globe and Mail reports in its Tuesday edition that the U.S.-Iran war has sent energy prices soaring on supply disruptions, while the prices of some other commodities have plunged on recession fears. Guest columnist Ted Dixon writes that insiders can help us figure out what may lie ahead. Typically, we would expect to see profit-taking after a strong rally such as what we have seen with the S&P/TSX Capped Energy Index, which was up about 13.1 per cent over one month as of Friday. Baytex Energy is a case in point. Over the past month as of Friday, Baytex shares have rallied 9.1 per cent. During that period, four company insiders have spent a total of $613,000 buying shares, led by its chief financial officer buying 15,000 shares on Friday. Baytex has been transformed into a focused Canadian oil producer following the sale of its U.S. Eagle Ford assets for net proceeds of $3-billion in December, 2025. The company is targeting 2026 production of 67,000 to 69,000 barrels of oil equivalent a day, representing 3 to 5 per cent organic growth over 2025 levels. A core focus is Pembina Duvernay, where production is expected to increase 35 per cent this year with a target year-end exit rate of 14,000 to 15,000 boe per day.