RE:RE:Insiders sellingOk, so according to SEDI, Darren and his family holds more than 2,3m shares still, net of the 40k shares, which is like 1,5% of their total holdings. The stock has been very liquid recently so if he would have wanted to sell much more, he would have.
I’m not saying I like that he sold these 40k shares, but I’m saying I can understand it, and he and his family still has a lot of skin in this company. Basically all their net worth.
For my own part, I made a relatively small entry at $11, I’m not picking up more stock until I’ve seen some stabilization. I can see 7-8 coming or even lower, I don’t care, in a few years it will be up again, so I welcome lower prices. That’s how the Peyto story has been for 20 year. Ride the cycle.
These guys are the best natgas people in North America, and the company has the scale, so when tide turns, it will turn for Peyto before everyone else.