PRD Energy: 6 Different Insiders Have Purchased Shares During The Last 30 Days

| About: PRD Energy, (PREGF)

Summary

Six insiders purchased PRD Energy stock within one month.

The stock was sold by no insiders in the month of intensive purchasing.

Four of these six insiders increased their holdings by more than 10%.

PRD Energy (OTCPK:PREGF) engages in the development and exploration of oil and gas properties in Germany.

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Insider buying during the last 30 days

Here is a table of PRD Energy's insider activity during the last 30 days.

Name Title Trade Date Shares Purchased Prospectus Current Ownership Increase In Shares
Kelsey Clark Senior Officer March 26 50,000 Yes 264,285 shares +23.3%
Grant Fagerheim Director March 26 100,000 Yes 1,095,237 shares +10.0%
Daryl Gilbert Director March 26 100,000 Yes 700,000 shares +16.7%
Michael Greenwood CEO March 26 1,500,000 Yes 23,743,649 shares +6.7%
Mark Hornett COO March 26 50,000 Yes 970,000 shares +5.4%
James McCoy Director March 26 50,000 Yes 250,000 shares +25.0%
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There have been 1,850,000 shares purchased by insiders during the last 30 days. All these shares were purchased pursuant to a private placement.

Insider buying by calendar month

Here is a table of PRD Energy's insider activity by calendar month.

Month Insider buying / shares Insider selling / shares
March 2014 1,850,000 0
February 2014 0 0
January 2014 0 0
December 2013 0 0
November 2013 0 0
October 2013 0 0
September 2013 0 0
August 2013 0 0
July 2013 200,000 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 0 0
February 2013 0 150,000
January 2013 0 0
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There have been 2,050,000 shares purchased, and there have been 150,000 shares sold by insiders since January 2013. The month of March 2014 has seen the most insider buying.

Financials

PRD Energy reported the third-quarter financial results on November 22 with the following highlights:

Revenue $0
Net loss C$1.1 million
Cash C$8.0 million
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On March 27, PRD Energy closed a C$1.85 million insider financing.

Upcoming milestones

PRD Energy's plans for 2014 include the following:

Planning to drill 3+ wells from Boerger 7 eco-pad
3D seismic shoot planned over Volkensen concession
Boerger success to lead to additional farm-ins
Developing inventory for larger 2015 program
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(Source: Investor presentation)

Competition

PRD Energy's competitors in Germany include BNK Petroleum (OTCPK:BNKPF), and Vermilion Energy (NYSE:VET). Here is a table comparing these companies.

Company PREGF BNKPF VET
Market Cap: 112.25M 272.17M 6.45B
Employees: N/A N/A 462
Qtrly Rev Growth (yoy): N/A -0.13 0.34
Revenue: N/A 12.83M 1.23B
EBITDA: -4.06M -7.01M 885.84M
Operating Margin: N/A -1.07 0.47
Net Income: -4.07M -19.71M 333.91M
EPS: -0.04 -0.14 3.26
P/E: N/A N/A 19.38
P/S: N/A 20.89 5.27
Insider Ownership: 24% N/A 8%
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PRD Energy has the highest insider ownership among these three companies.

Here is a table of these competitors' insider activities this year.

Company Insider buying / shares Insider selling / shares
BNKPF 10,000 20,000
VET 0 101,000
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Only PRD Energy has seen intensive insider buying during the last 30 days.

Conclusion

There have been six different insiders buying PRD Energy, and there have not been any insiders selling PRD Energy during the last 30 days. Four of these six insiders increased their holdings by more than 10%. PRD Energy has an insider ownership of 24%.

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(Source: Investor presentation)

The six insiders purchased their shares at $0.91 (C$1.00). I believe PRD Energy could be a good pick below $0.91 based on the intensive insider buying.

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(Source: Investor presentation)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in PREGF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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