Weekly CFO Buys Highlight
Equal Energy Ltd. (EQU): Senior VP and CFO Wendell Percy Chapman Bought 1,149 Shares
Senior VP and CFO of Equal Energy Ltd. (EQU) Wendell Percy Chapman bought 1,149 shares during the past week at an average price of $4.1.
Equal Energy was incorporated on April 8, 2010 under the ABCA and did not carry on any active business prior to the arrangement, other than executing the arrangement agreement pursuant to which the arrangement was implemented. Equal Energy Ltd. has a market cap of $143.888 million; its shares were traded at around $4.02 with a P/E ratio of 5.06 and P/S ratio of 2.45. The dividend yield of Equal Energy Ltd. stocks is 2.49%.
On May 9, 2013, Equal Energy Ltd. reported its first quarter 2013 financial results, including higher production from its liquids rich natural gas Hunton property in central Oklahoma ("Central Oklahoma"). Equal's board of directors has approved the company's second quarterly dividend payment of US$0.05 per share on its common shares, payable on June 30, 2013, to shareholders of record at the close of business on June 3, 2013.
First quarter 2013 production averaged 6,280 boe/d, up 4% from 6,040 boe/d (net of royalties). Current production rates are averaging around 6,500 boe/d. Three wells spudded during first quarter, and all were producing by mid-April a 100% drilling success rate, with all three wells performing at or above production type curve. Average capital expenditures for the first three new wells drilled, including infrastructure costs, in 2013 were $2.7 million, down 8% from $2.9 million per well drilled in early 2012
Senior VP and COO John S. Chimahusky bought 691 shares of EQU stock on 04/02/2013 at the average price of $3.84. John S. Chimahusky owns at least 167,932 shares after this. The price of the stock has increased by 4.69% since.
For the complete list of stocks that were bought by their CFOs, go to: Insider Buys.