SmallCapPower Article The TSX-listed Canadian stocks we’ve found have seen recent buying from company insiders during the past month
SmallCapPower | August 31, 2022: Insiders are defined as company management or individuals or institutions that own more than 10% of a company’s shares. Today we have identified three Canadian stocks with notable insider buying over the past month. The insiders we have identified are institutional investors, company directors or board members, which have added to their positions.
*Share price data and other metrics as of August 30, 2022
Cenovus Energy Inc. (TSX:CVE) – $24.66
Cenovus Energy is an integrated energy company with oil and natural gas production operations in Canada and the Asia Pacific region, and upgrading, refining and marketing operations in Canada and the United States. On August 9, executive vice-president and chief operating officer Jon McKenzie purchased 50,000 shares, at a cost of $22.30 per share, for a total investment of more than $1.1 million.
- Market Cap: $47.6B
- 30-Day Return: 3.4%
- Year-To-Date Return: 53%
Slate Office REIT (TSX:SOT.UN) – $4.50
Slate Office REIT is a global owner and operator of high-quality workplace real estate. The REIT owns interests in and operates a portfolio of strategic and well-located real estate assets in North America and Europe. A majority of the REIT’s portfolio is comprised of government and high-quality credit tenants. Between August 12 and 22, company insider Sime Armoyan acquired a total of 800,000 Slate units, at an average cost of about $4.52 per unit, for a total investment of more than $3.6 million.
- Market Cap: $360.8M
- 30-Day Return: -2%
- Year-To-Date Return: -1%
Suncor Energy Inc. (TSX:SU) – $43.17
Suncor Energy is Canada’s leading integrated energy company. The company’s operations include oil sands development and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S., and the company’s Petro-Canada retail and wholesale distribution networks (including Canada’s Electric Highway, a coast-to-coast network of fast-charging EV stations). On August 9, Suncor’s executive vice-president – downstream Kris Smith bought more than $703,000 worth of company stock at a cost per share of $39.11.
- Market Cap: $59.1B
- 30-Day Return: 0.6%
- Year-To-Date Return: 35%