Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

TAG Oil Ltd. V.TAO

Alternate Symbol(s):  TAOIF

TAG Oil Ltd. is an international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa. It holds an interest in the Badr Oil Field (BED-1), a 26,000-acre concession located in the Western Desert, Egypt, through a production services agreement (the PSA) with Badr Petroleum Company (BPCO). It is focused on BED-1 the re-completion and evaluation operations of the BED 1-7 vertical well. These initial operations are part of its phase I development program of Abu Roash F (ARF) reservoir in BED-1. The BED 1-7 well started oil production from the ARF reservoir. Its Field Development Plan (FDP), consisting of drilling 20 horizontal wells to be completed with multi-stage fracture stimulation, is focused on the east central part of the BED-1 concession area and contains OIIP P50 volumes of 178.3 million barrels and mean volumes of 179.0 million barrels. Its subsidiaries include TAG Energy International Ltd., CX Oil Limited, and others.


TSXV:TAO - Post by User

Bullboard Posts
Comment by sololeoon Jan 30, 2013 9:49am
281 Views
Post# 20910595

RE: Elliot/ Singer insider.

RE: Elliot/ Singer insider.

Weeble...don’t ignore the CNBC site, as it has its uses...but, you might want to check out Morningstar’s website (https://www2.morningstar.ca/homepage/h_ca.aspx?culture=en-CA), as they have more detailed information. Do a company search by entering the company’s name or trading symbol in the “Fund/Stock” search box at the center-top of the home page. On the resulting company specific page, click on the “Shareholders” tab...at the bottom of the page that comes up will be a “Shareholder’s Equity” section with two tabs...”Funds” and “Institutions”. Click on “Institutions”...you’ll see a list of the top institutional shareholders, including “Elliott Associates LP.” which is listed as owning 6,933,700 shares. But, on the far right end of that line, you’ll also notice that the date listed for their latest filing is 10/24/2012 (24 October 2012).

Since that filing date, Singer started his selling...given that October 24th was not the end of a month/quarter/year (which are the typical filing dates), I suspect that Singer’s filing on the 24th was meant to avoid having to file a report at month-end, after he had begun his selling.

Here are the Singer/EICA transactions after October 24th (copied and pasted from the notes I keep on TAO):

31OCT2012 Elliott International Capital Advisors sells in the public market from indirect ownership 390,195 common shares (-8.7%) @ $7.00-7.06, bringing his total to 4,116,710.

31OCT2012 Paul Elliott Singer sells in the public market from indirect ownership 210,105 common shares (-8.7%) @ $7.00-7.06, bringing his total to 2,216,690.

07NOV2012 Elliott International Capital Advisors sells in the public market from indirect ownership 975,000 common shares (-23.7%) @ $7.00, bringing his total to 3,141,710.

07NOV2012 Paul Elliott Singer sells in the public market from indirect ownership 525,000 common shares (-23.7%) @ $7.00, bringing his total to 1,691,690.

That last transaction date of 7 November 2012 is the same date that SEDI indicates that both Singer personally and EICA institutionally ceased to be insiders under the “3-10% Security Holder of Issuer” category of Insider Relationship. Since then, any transactions Singer/IECA may have made have not required reporting...so, he may have sold more/all of his holdings...or may be buying back in at these levels, but not to the extent of triggering an Insider Relationship.

BTW, another financial website that I refer to, and that you may find of use, is that of the Financial Times (https://markets.ft.com/research/Markets/Overview).

Cheers...and thank you for consistently digging up useful information for this board.

 

 

Bullboard Posts