..Gusella has bought a lot of shares..

IMO this is a myth considering his annual income ($1.5 million) generated from Connacher . DG owns about 850,000 sh (end of 2010 + 2011 purchases).

You actually have to look at the larger picture. As of now CLL insiders own less then 0.7% of CLL shares (3million out of 440 million). Most likely majority of these shares were awarded by themselves (BOD)as a part of the compensation.

This is the lowest number of shares of any small Canadian O&G company. Personally I am not surprise. They know what they are doing. Who would risk his own money when you have direct knowledge of what is going on.

It is common in small O&G sector to see insiders owing 10% shares or more when the company main objective is to create the value for their shareholders.