The Globe and Mail reports in its Friday edition that it was a slippery start to November for crude oil, with futures prices dropping more than $15 (U.S.) a barrel. Columnist Ted Dixon writes that traders bet heavily that a weak showing by the Republicans in the U.S. midterms would encourage the Trump administration to secure an agreement with Iran to reopen the Strait of Hormuz. Unsurprisingly, oil patch stocks fell in sympathy with crude. To confirm the assumption that the geopolitical landscape will continue to support Canadian oil patch stocks, Mr. Dixon looked at insiders to see if they've been buying the November pullback. They have been doing just that. At Whitecap Resources, which is focused primarily on exploration and production in the Western Canada sedimentary basin, two insiders spent a little more than $423,000 in total on buying shares in the public market from Nov. 2 to Nov. 4. Notably, these two insiders were chief executive officer Grant Fagerheim, who bought 15,000 shares at an average price of $18.28, and chief financial officer Thanh Kang, who bought 8,100 shares at an average price of $18.42. As of Wednesday, Whitecap shares were down 15.9 per cent from their 52-week high of $20.79 set Oct. 23.