The photo shows the exterior of the steam generator complex at Tucker. Steam is generated in this facility as part of the SAGD thermal in-situ recovery process.The Globe and Mail
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.
Let's begin the report featuring two stocks that have had recent insider buying activity.
Husky Energy Inc. (HSE-T)
On Dec. 13, President and Chief Executive Officer Robert Peabody purchased 6,000 shares at an average price per share just above $16, increasing his portfolio's position to 110,213 shares.
RioCan Real Estate Investment Trust (REI.UN-T)
On Dec. 14, Chief Executive Officer Edward Sonshine acquired 30,000 units at an average price per unit of $24.92, raising the account's holdings to 50,000 units.
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The following two companies have had selling activity reported by insiders.
Canadian Natural Resources Ltd. (CNQ-T)
In recent days, three management executives have been selling shares in the market.
On Dec. 18, Chief Operating Officer Tim McKay exercised his options and sold the corresponding number of shares (40,000). His remaining portfolio balance is significant holding over 1.15-million shares.
On Dec. 14, Bill Peterson, Senior Vice-President – Development Operations, exercised his options and sold the corresponding number of shares (10,000) at an average price per share of $42.91, leaving 69,690 shares in his account.
On Dec. 13, Darren Fichter, Executive Vice-President – Canadian Conventional, exercised his options and sold the corresponding number of shares (4,000) at an average price per share of $43.95 with 46,998 shares remaining in his portfolio.
Franco-Nevada Corp. (FNV-T)
Three management executives were recent sellers in the market.
On Dec. 13, Paul Brink, Senior Vice-President of Business Development, sold 3,807 shares at an average price per share of $97.66 in the public market, leaving a remaining portfolio balance of 204,716 shares.
The previous day, Lloyd Hong, Chief Legal Officer and Corporate Secretary, divested 4,000 shares at an average price per share of $96.8113, reducing his account's position to 2,838 shares.
On Dec. 12, Phil Wilson, Vice-President – Technical, sold 1,450 shares at an average price per share of $97.073.