TSX:BEI.UN - Post by User
Comment by
malx1on May 18, 2022 6:21pm
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Post# 34693895
RE:Insider Buying
RE:Insider Buyingretiredcf wrote: Listed below are three securities that have had recent buying activity in the public market reported by insiders.
Boardwalk REIT
On May 11, Brian Robinson, who sits on the board of trustees, invested over $470,000 in units of Boardwalk. He acquired 10,000 units at a price per unit of $47.05, increasing this particular account’s position to 26,466 units.
Mr. Robinson is also chief financial officer of Tourmaline Oil Corp.
Topaz Energy Corp.
On May 9, Mike Rose, who sits on the board of directors, bought 10,000 shares at a cost per share of $23.3128, lifting this specific account’s holding to 433,470 shares. The cost of this purchase totaled over $233,000.
Mr. Rose is also the chairman, president and chief executive officer of Tourmaline Oil Corp.
Tourmaline Oil Corp.
Between May 9-12, chairman, president and chief executive officer Mike Rose invested over $1.3-million in shares of Tourmaline. He acquired a total of 20,000 shares at an average price per share of roughly $68.45, after which this specific account held 8,769,973 shares.
Year-to-date, the share price is up over 80 per cent, making it the top performing stock in the S&P/TSX Composite Index.
Interesting that while insiders here are buying, some of the people posting are boasting about exiting their holdings. Wonder who has a better understanding of direction of this business and expectations for NAV growth. Every quarter that rolls by, this company is getting stronger.
See you guys at $70+
Also, anyone buying Alberta-based businesses, keep your eyes on Gamehost Inc. Dividend of $0.36/yr today likely to double over next 18 months. Much like BEI insiders owning 26%, the insiders at GH own approximately 36% of the business. No matter what, management and insiders will act in the best interest of shareholders because they happen to be the largest shareholders!
$8 Gamehost today likely worth over $12 a year from now.
Come back and thank me with an e-beer!!
Cheers