In mid-May, Total Energy Services Inc. reported per-share earnings of 72 cents in its first quarter. It also announced expansion plans outside of Canada . Since the news, CFO Mark Kearl exercised 60,000 options at $4.66. He subsequently sold only 21,300 shares in the public market. It is often a bullish sign when insiders exercise options but do not sell all their newly acquired shares. CEO Daniel Halyk has also been in net-accumulation mode, exercising 50,000 options and selling only 7,500 shares. Meanwhile, three directors bought 8,160 shares in the 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.
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.