Weekly Canadian Insider Trading Marked by Oil and Gas Industry

By
A A A

This week in Canadian insider trading was marked by an increase in insider buying in the oil, natural gas, and energy industries. There was an increase in selling by companies working in the mining and chemical industries. There were also a significant number of sells in the copper industries.

Note: These are only a few notable Canadian insider transactions. To see the complete list of Canadian insider trades, click here .



Notable Insider Buys

1. Troy Resources ( TSX:TRY )

Troy Resources reported seven insider buys last week. These buys came from four different directors. These insider transactions mark the first for the company.

Director C. Robin Parish added a total of 55,000 shares at an average price of $2.05. Parish's transactions totaled $113,720.

Director Fred Grimwade added 40,000 shares at $2.02. His transaction amount was $80,800. Director David Dix also added 40,000 shares. His shares traded at $2.12 per share for a total transaction amount of $84,660.

Lastly, Paul Benson bought 20,000 shares at an average price of $2.06. This transaction amount was $41,180.



Troy Resources is a junior gold producer with operations at Andorinhas in Para State, Brazil and Casposo in San Juan Province, Argentina. The company has a record of fat track mine development, low cost operations, strategic acquisitions and exploration discoveries.

Market Cap: 217.58 M P/E: 6.1 Shiller P/E: n/a
P/B: 1.47 P/S: 0.92 EV/EBITDA: n/a
52 Week Low: 1.89 52 Week High: 5.25 Average Volume: 402,000



There are currently no gurus that hold a stake in Troy Resources.

TSX:TRY trades at $2.40.

2. ShawCor Ltd. ( TSX:SCL.B )

ShawCor Ltd. reported two corporate executives making insider buys this past week.

The Vice President of Finance and CFO Gary Love bought 10,000 shares at an average price of $41.83 per share. These transactions cost Love a total of $418,250.

Vice President and General Manager Ronald Dunn added 5,874 shares at $42.37 per share. The transaction amount was $248,881.



ShawCor is a global energy services company that operates through eight divisions which focus on technology-based products and services for the pipeline and pipe services market and the petrochemical and industrial markets.

Market Cap: 3.05 B P/E: 16.1 Shiller P/E: 22.84
P/B: 2.91 P/S: 1.94 EV/EBITDA: 8.97
52 Week Low: 31.48 52 Week High: 46.73 Average Volume: 100,000



There are currently no gurus that hold stake in ShawCor.

ShawCor trades at $43.31.

3. Zargon Oil and Gas (TSX:ZAR)

Zargon Oil and Gas reported insider buys coming from two different corporate officials.

President and CEO Craig Hansen made three separate buys adding a total of 17,000 shares to his stake at an average price of $7.20. The total amount of these transactions equaled $122,480.

Director James Peplinski bought 20,000 shares at $7.10 per share. Peplinski's transaction amount was $142,000.



These buys come as the stock's price has reached a 3-year low.

Zargon Oil and Gas is engaged in the exploration, development and production of oil and natural gas in Canada and the U.S. The company is currently pursuing high-graded oil exploitation projects in Alberta and the Hamilton Lake.

Market Cap: 211.15 M P/E: n/a Shiller P/E: 6.04
P/B: 0.96 P/S: 1.2 EV/EBITDA: 11.75
52 Week Low: 6.36 52 Week High: 13.64 Average Volume: 30,250




Mawer New Canada Fund holds 735,429 shares.

With its price up 1.98%, Zargon trades at $7.20.

Notable Insider Sells

1. Secure Energy Services (TSX:SES)

Secure Energy Services reported nine insider sells coming from three different insiders. These insiders sold a total of 210,000 shares at an average price of $12.55.



These insider sells come as the company's price has exceeded its previous 5-year high. The GuruFocus analysis notes that the company's revenue has been in decline over the past three years.

Secure Energy Services is an oil and gas corporation that operates through several wholly-owned subsidiaries that are managed through two different segments. The first segment is the processing, recovery and disposal services and the second segment is the drilling services division.

The Mawer New Canada Fund holds 977,841 shares of Secure Energy.

2. Methanex Corporation ( MX )

Methanex reported a substantial amount of insider sells coming from Director Bruce Aitken this past week.

Last week Director Bruce Aitken made five different transactions selling a total of 10,000 shares for an average price of $41.28. Aitken made a total of $412,701 in these transactions.



The GuruFocus analysis of Methanex shows that the price of the company is near a 10-year high of $41.52.

Methanex is a company that produces and markets methanol, a chemical that is used to make a wide range of industrial, consumer and energy products. The company is the supplier of methanol to each of the major international markets of North America, Asia Pacific and Europe as well as Latin America.

Market Cap: 3.86 B P/E: 28.6 Shiller P/E: 27.79
P/B: 2.96 P/S: 1.41 EV/EBITDA: 28.14
52 Week Low: 26.04 52 Week High: 41.52 Average Volume: 102,158



Guru Bernard Horn holds 85,437 shares of TSX:MX.

Methanex currently trades at $41.14.

3. Inmet Mining ( IMN )

Inmet Mining reported five significant sells coming from Fernando Martinez-Caro. Caro sold a total of 1,808 shares on April 9. The shares traded at an average price of $68.03. Martinez-Caro made a total of $123,071 on these transactions.



These insider sells came as the price of the stock has risen from a 52-week low to nearly a 52-week high.

Inmet Mining is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops in underground and open pit mines. The company also sells pyrite.

There are currently no gurus that hold stake in Inmet Mining.

TSX:IMN currently trades at $67.59.

Note: These are only some of the Canadian insider transactions for the week. To see the complete list of Canadian insider trades, click here.

Click here to try a 7-Day Free Trial for the Canadian Global Membership. About GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: IMN , MX

GuruFocus

GuruFocus

More from GuruFocus:

Related Videos

Avatars of the Luxe Life
Avatars of the Luxe Life            

Stocks

Referenced

100%
100%

Most Active by Volume

35,517,684
  • $6.71 ▲ 10.73%
18,083,616
  • $7.765 ▲ 1.64%
17,643,342
  • $17.42 ▲ 0.93%
16,874,684
  • $7.08 ▲ 5.67%
15,674,171
  • $44.84 ▲ 8.94%
15,530,766
  • $111.52 ▲ 1.93%
13,537,009
  • $103.62 ▲ 1.79%
11,735,635
  • $7.7238 ▲ 7.42%
As of 12/18/2014, 10:22 AM


Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com