RE:Peters & Co Re-loading I do not think Crew gives stock options to its employees. Rather, they get Restricted Awards and Performance Awards. The company cannot issue additional shares to pay these awards as per below.
"Subsequent to May 21, 2018, being the third anniversary from the date the Company last obtained approval from shareholders for the continued issuance of common shares from treasury under the RPAP, the Company is no longer eligible to issue common shares from treasury to settle the award value of any RAs and PAs granted subsequent to May 21, 2018. The Company remains eligible to settle the award value for any such grants either in cash or in common shares acquired by an independent trustee in the open market for such purposes. Common shares acquired in the open market are held in trust for the potential future settlement of award values and are netted out of share capital, including the cumulative purchase cost, until they are distributed for future settlements. For the year ended December 31, 2020, the trustee purchased 2,960,000 common shares for a total cost of $1.0 million and as at December 31, 2020, holds 5,267,000 common shares in trust. Upon the vesting of 1,690,000 RAs and 1,837,000 PAs, when taking into account the earned multipliers for PAs, 177,000 common shares of the Company were issued from treasury, 2,431,000 common shares were released from trust and $0.4 million was paid out in settlement of such awards for the year ended December 31, 2020."
As a result, I think you get insider transactions like James Taylor on March 15, 2021 (Sorry, I am not able to post the picture of the transactions)
https://www.canadianinsider.com/company?ticker=CR
After all of this, there are no shareholder dilution, so best case scenario for us shareholders.
BeatTheOddsSqua wrote: Nice to see Peters back on the buy side. It made me nervous when I noticed they dumped a portion of their position on the run-up to $2.28 just before Q4 2020 results. Encouraging to see them buying back their position.
I am still curious to see if Crew management issues any options on April 1, 2021. If they are able to, it is not in their best interest to issue any updates until after that date. No point in raising the strike price.
Waiting patiently for an update on the flow rates from the 6 wells that are completed on the 3-32 UCR Pad as condensate prices at Edmonton are hanging in there at $62 USD. News of an asset sale would be the cherry on top.
Recent Trades - Last 10 of 767
Time ET Ex Price Change Volume Buyer Seller Markers
13:59:11 U 1.12 100 77 Peters 2 RBC K
13:58:32 U 1.12 100 77 Peters 2 RBC K
13:57:51 U 1.12 100 77 Peters 2 RBC K
13:57:09 U 1.12 100 77 Peters 2 RBC K
13:57:04 M 1.12 18 80 National Bank 80 National Bank E
13:56:29 U 1.12 100 77 Peters 2 RBC K
13:56:26 U 1.12 1,000 2 RBC 2 RBC K
13:55:47 U 1.12 100 77 Peters 2 RBC K
13:55:07 U 1.12 100 77 Peters 2 RBC K
13:54:25 U 1.12 100 77 Peters 2 RBC K
Filing
Date | Transaction
Date | Insider Name | Ownership
Type | Securities | Nature of transaction | Volume or Value | Price |
| Mar 15/21 | Mar 15/21 | Taylor, James A | Direct Ownership | Common Shares | 57 - Exercise of rights | 20,000 | $1.21 |
| Mar 15/21 | Mar 15/21 | Taylor, James A | Direct Ownership | Common Shares | 57 - Exercise of rights | 90,000 | $1.21 |
| Mar 15/21 | Mar 15/21 | Taylor, James A | Direct Ownership | Restricted Awards | 57 - Exercise of rights | -20,000 | |
| Mar 15/21 | Mar 15/21 | Taylor, James A | Direct Ownership | Performance Awards | 57 - Exercise of rights | -60,000 |