Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.
The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.
Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. Selling activity may or may not be related to a stock’s valuation; perhaps an insider needs to raise money for personal reasons. An insider’s total holdings should be considered because a sale may, in context, be insignificant if this person has a large remaining position in the company. I tend to put great weight on insider transaction activity when I see multiple insiders trading a company’s shares or units.
Listed below are three energy stocks that have had recent buying activity in the public market reported by insiders.
Ensign Energy Services Inc. (ESI-T)
Between Aug. 2-13, Fairfax Financial Holdings Ltd. (FFH-T), with an ownership position exceeding 10 per cent, invested over $8.7 million in shares of Ensign. Fairfax purchased a total of 3,817,900 shares at an average price per share of roughly $2.29.
Gibson Energy Inc. (GEI-T)
On Aug. 2, director Douglas Bloom bought 10,000 shares at a cost per share of $21.38 for an account in which he has indirect ownership (Wendy Bloom), after which this specific account held 70,000 shares. The cost of this purchase exceeded $213,000.
Tamarack Valley Energy Ltd. (TVE-T)
On Aug. 7, director Rene Amirault acquired 135,000 shares at a price per share of $3.75, increasing the holdings in this particular account to 202,000 shares. The cost of the purchase exceeded $506,000.
Mr. Amirault is the former president and chief executive officer of SECURE Energy Services Inc. (SES-T).
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The following stock has had recent selling activity in the public market reported by insiders.
Definity Financial Corp. (DFY-T)
On Aug. 7, chief risk and actuarial officer Liam McFarlane sold 15,800 shares at a price per share of $49.0121 leaving 63 shares in this particular account. Proceeds from the sale exceeded $774,000, not including commission charges.
On Aug. 6, senior vice-president and chief technology officer Tatjana Lalkovic sold 7,025 shares at a price per share of $47.8315, after which this particular account held 7,614 shares. Proceeds from the sale totaled more than $336,000, excluding trading fees.
On Aug. 15, the share price closed at an all-time high.
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