RE:RE:Insider Trading.ferret_ca wrote:
you see it more when their sshares are cheap (as iae is now) so you would have to go onto the sedi site to check on most that have had a good run.for trading when the stock was cheap,
look at these on canadian insider, on the tse: sgy pre spe cne ppy pwt tao and on the venture lvl ifr 2 very small caps.
i just purchased t.lor (not oil and gas) based purely on insider trading in that small portion of my account
most of the oil and gas stocks i own or have owned have had insider buying when their stock was very cheap, i think it is pretty rare not to have it, expecially when the shares get below option prices. not sure where or how you are looking?
I just keep pointing that this management team doesn't support the stock when people on here keep stating what a screaming buy it is, how cheap it is etc. if it truly is why don't you see any insiders buy or another company taking a run at iae
take a look at iae's production numbers from q2 2013 ( approx 14,300 boe/d for the quarter) now watch for the numbers when q2 2014 comes out, and remember they just purchased 2500 boe/d that will be included in these numbers. also look at how much much debt they have drawn down compared to q2 2013. people keep saying how great management is, i for one am still waiting for proof.
cheers ferret
That is your rationale for your continual slagging of management? This notion of yours that management and the directors should buy more shares on the open market? Open market buying holds next to zero weight on how I view a management team. It is a metric that is typically used by novice investors because it is an incredibly simplistic measurement that nubies can get their head around. This idea that if management is buying then it must be a great company. This is how investors in the junior sector typically get burned. Management hypes up a company and buys on the open market all in an effort to run up the share price, then bingo they sell a ton of shares and the nubie is left holding the bag. I suggest to take a look at the history of XEL or OILEXCO. Here's some free advice ferret - don't worry about open market buying, it means little. Especially when you see all the great things that this team has done.