Featured below are companies that have experienced recent insider transaction 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. 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 detailing companies with buying activity.
Boardwalk Real Estate Investment Trust (BEI.UN-T)
On June 23, Brian Robinson, who sits on the board of trustees, accumulated 2,000 units at an average price of $49.56 per unit, taking his ownership position up to 12,966 units.
Chemtrade Logistics Income Fund (CHE.UN-T)
On June 21, Michael St. Pierre, group vice-president of global services, acquired 6,400 units at an average price of $17.99 per unit, taking his portfolio's holdings up to 21,792 units.
Element Fleet Management Corp. (EFN-T)
On June 21, chief financial officer Samir Zabaneh bought 12,000 shares at an average cost of $9.10 per share, initiating a portfolio position.
Gibson Energy Inc. (GEI-T)
On June 21, the chairman of the board James Estey purchased a total of 20,350 shares for three separate accounts. That day, fellow board member Douglas Bloom accumulated 15,000 shares.
Whitecap Resources Inc. (WCP-T)
On June 20, Joel Armstrong, vice-president of production and operations, added 11,000 shares to his portfolio, paying an average price of $9.0129 per share. This purchase increased his portfolio's position to 191,818 shares.
Last week, we reported that Jeffery Zdunich, vice-president - finance and controller, acquired a total of 6,600 shares on June 15 for two accounts at an average cost of just over $9 per share.
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The following company has had mixed insider trading activity with both buying and selling transactions.
Canadian National Railway Co. (CNR-T)
On June 23, Robert Phillips, who sits on the board of directors, purchased 2,000 shares at an average cost of $105.63 per share, raising his portfolio's position to 7,258 shares.
Last week, we reported that Kimberly Madigan, vice-president of human resources, sold 6,028 shares on June 15, trimming her ownership position to 23,386 shares, and on June 2, Sean Finn, executive vice-president of corporate services and chief legal officer, exercised his options and the same day sold the corresponding number of shares (12,885) at an average price of $106.0717 per share, leaving a remaining balance of 14,973 shares.
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