This month, North American Energy Partners Inc. reported profit of 9 cents per share in the first nine months of its fiscal year, compared to a loss during the same period a year earlier. While revenue was down, margins improved. Keeping costs down will be important as the company has a cautious business outlook. Nevertheless, CEO Martin Ferron is buying again. Since the earnings news, he has bought 35,321 shares between $3.84 and $3.90. Since starting the job last May, he has bought 474,554 shares in the public market.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.