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Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Energy Oil & Gas E&P
Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana in the Suriname Guyana basin (Orinduik License). In Namibia, the Company holds four offshore petroleum licenses in the Republic of Namibia, being petroleum exploration license number 097 (the Cooper License), petroleum exploration license number 098 (the Sharon License), petroleum exploration license number 099 (the Guy License) and petroleum exploration license number 100 (the Tamar License). In South Africa, it holds two offshore petroleum licenses in South Africa, being petroleum exploration license number 2B (the 2B Block) and petroleum exploration license number 3B/4B (the 3B/4B Block).


TSXV:EOG - Post by User

Eco (Atlantic) Oil & Gas Ltd
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Post by Atonon Jul 10, 2019 9:15am
135 Views
Post# 29903143

Insider Ownership Of Eco (Atlantic) Oil & Gas

Insider Ownership Of Eco (Atlantic) Oil & Gas

Insider Ownership Of Eco (Atlantic) Oil & Gas

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. 

Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group. 

Our information suggests that insiders maintain a significant holding in Eco (Atlantic) Oil & Gas Ltd.. Insiders own CA$33m worth of shares in the CA$254m company. It is great to see insiders so invested in the business. It might be worth checking if those insiders have been buying recently.

https://simplywall.st/stocks/ca/energy/tsxv-eog/eco-atlantic-oil-gas-shares/news/what-kind-of-shareholders-own-eco-atlantic-oil-gas-ltd-cveeog-2/

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