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 three securities that have had recent insider selling activity.
Canadian Natural Resources Ltd. (CNQ-T).
Multiple insiders have been sellers in the market.
On July 9, President Tim McKay exercised his options and sold the corresponding number of shares (20,000) at a price per share of $47.89, leaving 1,157,853 shares in his portfolio.
On July 9 and July 10, Chief Financial Officer Corey Bieber exercised his options and sold the corresponding number of shares (20,000), eliminating his portfolio’s position.
Between July 5 and July 10, Chief Operating Officer Darren Fichter exercised his options and sold the corresponding total number of shares (25,000) with 49,513 shares remaining in his account.
On July 5, Bill Peterson, Senior Vice-President – Development Operations, exercised his options and sold the corresponding number of shares (30,000) at a price per share of $47.09 with 76,530 shares left in his portfolio.
On July 3, Ken Stagg, Senior Vice-President – Exploration, exercised his options and sold the corresponding total number of shares (35,000) at a price per share of $47.25, leaving 28,607 shares in his account.
Shaw Communications Inc. (SJR-B-T).
On July 6, several senior management executives were sellers in the market.
The Chief Executive Officer Bradley Shaw exercised his options and sold the corresponding number of shares (50,000) at a price per share of $27.08, leaving 4,217 shares in his account.
Chief Financial and Corporate Development Officer Trevor English exercised his options and sold the corresponding number of shares (10,000) at a price per share of $27.10, eliminating his portfolio’s position.
Chief Legal and Regulatory Officer Peter Johnson exercised his options and sold the corresponding number of shares (8,000) at a price per share of $27.00 with 32,000 shares remaining in his account.
Tamarack Valley Energy Ltd. (TVE-T).
On July 3, Kevin Screen, Vice-President of Production and Operations, sold 15,000 shares at a price per share of $4.70, leaving 296,524 shares in his account.
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The following stock has had mixed trading with both buying and selling activity reported by insiders.
Leucrotta Exploration Inc. (LXE-X).
On July 6, the President and Chief Executive Officer Robert Zakresky divested 104,000 shares at a price per share of $1.90, trimming his portfolio’s position to 5,299,948 shares.
That day, John Brussa, who sits on the board of directors, purchased 100,000 shares at a cost per share of $1.90, increasing his account’s holdings to 449,581 shares.
Jennifer Dowty