In the past week in Canadian insider trading we saw an increased pattern of buying in the natural oil and gas industries. Three of the four largest insider buys came from energy companies in those industries. We also saw quite a few insider sells in the transportation industry.
Note: The following companies are not the only companies reporting insider trades for Canada. To see the complete list of Canadian insider trades, click here.
Notable Insider Buys:
1. Crew Energy (TSX:CR)
Crew Energy reported five insider buys on April 1. These buys came as the company is nearing its 3-year low price of $5.85.
- President and CEO Dale Shwed bought the most shares, adding 180,000 at $7.17 per share. Shwed spent $1,290,600 on this transaction.
- Senior Vice President and COO, Robert Morgan, added 143,400 shares at $7.17 each. This transaction cost him $1,028,178.
- Executive Vice President and CFO Ken Truscott also added 143,400 shares for $7.17. The transaction amount was also $1,028,178.
- Vice President of Exploration Gary Smith bought 67,500 shares at $7.17 costing him $483,975.
- Lastly, Director David Smith added 24,800 shares costing him a total of $177,816.
Crew Energy is an oil and natural gas producer with operations in Alberta, northeast British Columbia and Saskatchewan. The company focuses on the expansion of its core oil and liquids rich natural gas properties and the exploration of its large undeveloped land base.
With its shares down 1.07%, Crew Energy trades at $6.50.
2. Just Energy (TSX:JE)
Just Energy Group reported two significant insider buys this last week.
- President of National Home Services, Mark Silver, bought 94,500 shares at $6.1775 per share. This transaction totaled $583,774. Silver now holds 294,499 shares of Just Energy.
- Senior Vice President and Corporate Risk Officer, Stephanie Bird, made a much smaller buy adding 1,300 shares to her stake at a price of $6.78. This transaction cost Bird $8,814.. She now holds 19,042 shares of company stock.
With the price of this stock nearing its 10-year low of $6.50, there has been an increase in the company’s insider buys.
Just Energy is a North American retailer of natural gas, electricity and green energy. The company serves 1.8 million residential and commercial customers through a wide range of energy programs and home comfort services.
With its shares up 4.2% today, Just Energy trades at $6.70.
3. Rogers Sugar (TSX:RSI)
With prices nearing a 10-year high, Rogers Sugar reported six insider buys this past week.
The directors and corporate executives bought a total of 7,021 shares of Rogers Sugar stock. The shares traded for an average price of $6.26. The total transaction amount for these insiders was $43,939.
These insider buys come as the company is about to hit a 10-year high in price.
Based out of Montreal, Quebec, Rogers Sugar manufactures and distributes sugar. The company produces granulated, icing, cube, yellow and brown sugar, liquid sugars and specialty syrups.
With its shares up 2.75%, Rogers Sugar trades at $6.35.
4. Zargon Oil and Gas (TSX:ZAR)
Zargon Oil and Gas reported five insider buys coming from two corporate executives this past week.
- President and CEO Craig Hansen made three separate buys. Hansen added a total of 59,400 shares to his stake at an average price of $7.25. Hansen spent a total of $430,650 on these transactions.
- Director Jim Peplinski made two different buys for a total of 15,000 shares. The shares traded at an average price of $7.27 each. Peplinski’s price for these transactions equaled $108,950.
These trades within Zargon Oil and Gas are coming as the company price is nearing a 10-year low of $6.95. The P/B ratio of Zargon is also close to a 10-year low of 0.98.
Zargon Oil and Gas is engaged in the exploration, development and production of oil and natural gas in Canada and the US. The company is currently pursuing high-graded oil exploitation projects in Alberta and the Hamilton Lake.
With its shares down 1.40%, Zargon trades at $7.02.
Notable Insider Sells:
1. Tourmaline Oil (TSX:TOU)
This week Tourmaline Oil reported its first insider cluster sell. Three insiders sold a total of 300,000 shares of company stock
- Vice President of Land and Contracts Drew Tumbach sold 200,000 shares at a price of $39.204. Tumbach raked in an impressive $7,840,800 with this transaction. The Vice President still holds 796,255 shares.
- Secretary and General Counsel W. Scott Kirker sold a total of 50,000 shares at an average price of $39.40. Kirker brought in $1,970,000 with this transaction. He still owns 532,292 shares.
- Vice President of Explorations Ronald Hill also sold 50,000 shares. His shares traded at an average price of $38.90. Hill raked in $1,944,770. Hill still holds 331,746 shares of Tourmaline.
These corporate sells come as Tourmaline’s price is nearing a 3-year high.
Tourmaline Oil is a Canadian intermediate crude oil and natural gas exploration and production company focused on growth through aggressive exploration, development, production and acquisition.
With its shares down 1.35%, Tourmaline trades at $37.39.
2. Secure Energy Services (TSX:SES)
Last week Secure Energy Services reported nine insider sells coming from three different insiders.
- Executive Vice President of Crude Oil Marketing and Information Technology Nick Wieler made three separate transactions selling a total of 90,000 shares. The shares traded at an average price of $12.60. Wieler made $1,136,000 in this transaction.
- Executive Vice President and CFO Allen Gransch made five different transactions selling a total of 80,000 shares. The shares traded for an average price of $12.45. Gransch raked in a total of $1,000,550 with this sell.
- Executive Vice President of Process Recovery Disposal Dan Steinke sold 40,000 shares at $12.60 per share. This sell brought in $504,000 for Steinke.
These insider sells have come as the price of the stock is nearing its five-year high price of $12.79.
Secure Energy Services is an oil and gas corporation that operates through several wholly-owned subsidiaries that are managed through two segments. The first segment is the processing, recovery and disposal services division and the second segment is the drilling services division.
The Mawer New Canada Fund holds 977,841 shares of Secure Energy.
With its shares down 0.16%, Secure Energy trades at $12.22.
3. New Flyer Industries (TSX:NFI)
New Flyer Industries reported a heavy day of insider trading on March 28. There were four different insiders making small buys into the company and two insiders making significant sells of company stock.
- Executive Vice President of Sales and Marketing Paul Smith made four different transactions selling a total of 13,800 shares at an average price of $10.16. Smith brought in $140,244 with these transactions.
- Director John Marinucci made seven transactions selling a total of 20,000 shares at an average price of $10.15. Marinucci made $142,983 with this sell.
- The four insiders buying shares added a total of 5,560 shares at an average price of $10.14. These corporate executives spent a combined total of $56,401.
These insider transactions come as the price nears a two-year high of $10.42.
New Flyer is a manufacturer of heavy-duty buses in the U.S. and Canada. The company offers a variety of transit vehicles. The company has created the first low-floor bus, the first diesel-electric bus and most recently, the world’s first zero-emission hydrogen fuel cell fleet.
The Mawer New Canada Fund holds 3,053,299 shares of New Flyer.
With its shares down 1.27%, New Flyer trades at $10.09.
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- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.