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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.

(click to enlarge)

Insider buying during the last 30 days

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

NameTitleTrade DateShares PurchasedProspectusCurrent OwnershipIncrease In Shares
Kelsey ClarkSenior OfficerMarch 2650,000Yes264,285 shares+23.3%
Grant FagerheimDirectorMarch 26100,000Yes1,095,237 shares+10.0%
Daryl GilbertDirectorMarch 26100,000Yes700,000 shares+16.7%
Michael GreenwoodCEOMarch 261,500,000Yes23,743,649 shares+6.7%
Mark HornettCOOMarch 2650,000Yes970,000 shares+5.4%
James McCoyDirectorMarch 2650,000Yes250,000 shares+25.0%

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.

MonthInsider buying / sharesInsider selling / shares
March 20141,850,0000
February 201400
January 201400
December 201300
November 201300
October 201300
September 201300
August 201300
July 2013200,0000
June 201300
May 201300
April 201300
March 201300
February 20130150,000
January 201300

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 lossC$1.1 million
CashC$8.0 million

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

(click to enlarge)

(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.

CompanyPREGFBNKPFVET
Market Cap:112.25M272.17M6.45B
Employees:N/AN/A462
Qtrly Rev Growth (yoy):N/A-0.130.34
Revenue:N/A12.83M1.23B
EBITDA:-4.06M-7.01M885.84M
Operating Margin:N/A-1.070.47
Net Income:-4.07M-19.71M333.91M
EPS:-0.04-0.143.26
P/E:N/AN/A19.38
P/S:N/A20.895.27
Insider Ownership:24%N/A8%

PRD Energy has the highest insider ownership among these three companies.

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

CompanyInsider buying / sharesInsider selling / shares
BNKPF10,00020,000
VET0101,000

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%.

(click to enlarge)

(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.

(click to enlarge)

(Source: Investor presentation)

Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.

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