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Inside the Market Wednesday’s Insider Report: Three dividend stocks that insiders are buying

Featured below are companies that have experienced recent insider trading activity in the public market through their direct and indirect ownerships, including accounts they have control or direction over.

The list features insider transaction activity; it does not convey total ownership information as an insider may hold numerous accounts.

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.

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Listed below are three stocks that have had recent insider buying activity.

AGF Management Limited (AGF.B-T)

On Feb. 21, executive chairman Blake Goldring invested over $312,000 in shares of the company. He purchased 68,082 shares at a price per share of $4.59, lifting his account balance to 281,600 shares.

Cenovus Energy Inc. (CVE-T)

On Feb. 19, chief financial officer Jon McKenzie bought 15,000 shares at a price per share of $11.52, raising his portfolio’s position to 40,000 shares. The cost of the purchase totaled over $172,000.

On Feb. 15, Keith MacPhail, who sits on the board of directors, acquired 10,000 shares at a price per share of $11.39, boosting his account’s holdings to 158,000 shares. The purchase price totaled nearly $114,000.

Superior Plus Corp. (SPB-T)

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On Feb. 20, Andy Peyton, president – Superior Plus Propane, invested over U.S. $100,000 in shares of the company. He acquired 12,000 shares at an average price per share of approximately U.S.$8.58.

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Listed below is a security that has had recent selling activity reported by an insider.

Bonavista Energy Corp. (BNP-T)

Between Feb. 20 and Feb. 22, chair Keith MacPhail (and the company’s former president and chief executive officer) completed a number of relatively small transactions for an account in which he has indirect ownership (1136050 Alberta Ltd.). In total, he sold 35,000 shares at an average price per share of approximately $1.22, trimming his account balance to 3,726,923 shares. Proceeds from the sales totaled over $42,000.

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