2nd time this year
That an insider buys the debentures:
https://www.canadianinsider.com/node/7?menu_tickersearch=CJ+%7C+Cardinal+Energy
First time was Ratushny (CEO), now Brussa (director).
I am not sure what they are seeing there as the gap to par is pretty small and the yield is 5.5% (at par). So a rough 6.5% yield to maturity. Ratushny got better as the discount to par was greater then.
Not a bad place to park cash I guess especially if you are on the inside and now that these will be called however, why not the stock right now at a yield of 7.8% and vast discount on absolute and relative basis? They already own too much?