Skip to main content

Steam generating plants at Cenovus Energy's oil sands operation in Christina Lake, Alta., June 12, 2013.RICHARD PERRY/The New York Times

Featured below are 10 companies that have experienced recent insider buying activity in the public market through their direct and indirect ownerships.

Keep in mind, when looking at transaction activities by insiders, purchasing activity may reflect perceived value in a security. I tend to put great weight on insider transaction activities when I see multiple insiders buying shares of a company.

AlarmForce Industries Inc. (AF-T)

Lee Matheson, who sits on the board of directors, purchased 33,900 shares at a price per share of $10.74 on April 28, and accumulated 20,200 shares at an average price per share of $10.65 on April 25.

BlackBerry Ltd. (BB-T)

On May 3, board member Mike Daniels purchased 16,077 shares.

Canadian National Railway Company (CNR-T)

On April 28, Donald Carty, who sits on the board of directors, purchased 5,000 shares, increasing his portfolio's position to 62,042 shares.

Cenovus Energy Inc. (CVE-T)

Three insiders have recently accumulated shares.

Ian Delaney, who sits on the board of directors, purchased a total of 75,000 shares over three trading sessions, accumulating 25,000 shares at an average price per share of $12.9564 on May 4, buying 25,000 shares at $13.4762 on May 2, and purchasing 25,000 shares at $13.5604 the prior trading day. These transactions increased his portfolio's position to 225,000 shares.

Harbir Chhina, the company's executive vice-president of oil sands development, purchased a total of 100,000 shares over a number of trading days beginning on April 28 through to May 3. Following these transactions, his portfolio's share position stood at 502,477 shares. In addition, executive vice-president of business innovation Judy Fairburn bought 20,500 shares on April 28.

Hudbay Minerals Inc. (HBM-T)

Investment manager, GMT Capital Corp., with an ownership of over 10 per cent, purchased 671,100 shares for several accounts on May 1.

Gran Tierra Energy Inc. (GTE-T)

Investment manager, GMT Capital Corp., with an ownership position of over 10 per cent, continued accumulating shares of Gran Tierra Energy, buying 103,600 shares on May 1.

Last week, we reported that GMT Capital Corp. purchased 41,300 shares on April 25 and bought 994,900 shares the previous day.

Imperial Oil Ltd. (IMO-T)

On May 2, board member David Sutherland accumulated 10,000 shares at an average price per share of $39.7909. This transaction increased his portfolio's holdings to 15,000 shares.

Nevsun Resources Ltd. (NSU-T)

Tom Whelan, the company's chief financial officer, bought 50,000 shares at an average price per share of $3.126 on May 1, increasing his portfolio's position to 101,364 shares. Board member Stephen Scott purchased 7,500 shares at an average price per share of $3.15 on May 2 and accumulated 5,000 shares at an average price per share of $2.85 two trading days later, on May 4. These transactions increased his portfolio's holdings to 166,592 shares.

Surge Energy Inc. (SGY-T)

President and chief executive officer Paul Colborne purchased 49,590 shares at an average price per share of $2.6913 on April 28. This transaction increased his portfolio's position to 3,725,865 shares.

Tamarack Valley Energy Ltd. (TVE-T)

Investment manager, GMT Capital Corp., with an ownership position of over 10 per cent, continued to accumulate shares, buying 958,800 shares on May 1, purchasing 425,200 shares on April 28, and accumulating 551,400 shares during the previous trading session.

In previous reports, we reported that GMT Capital acquired 407,200 shares on April 26, purchased 65,800 shares on April 25, and bought 319,900 shares on April 24. In addition, 144,900 shares were acquired on April 18, and 158,000 shares were purchased the prior day.

Want to interact with other informed Canadians and Globe journalists? Join our exclusive Globe and Mail subscribers Facebook group

Follow related authors and topics

Authors and topics you follow will be added to your personal news feed in Following.

Interact with The Globe