Seeking Alpha
Long/short equity, insider ownership
Profile| Send Message|
( followers)

Summary

  • 3 insiders purchased Inter Pipeline stock within one month.
  • The stock was sold by no insiders in the month of intensive purchasing.
  • All 3 of these insiders increased their holdings by more than 10% each.

Inter Pipeline (OTCPK:IPPLF) is engaged in the petroleum transportation, natural gas liquids extraction, and bulk liquid storage businesses in western Canada, the United Kingdom, Denmark, Germany, and Ireland.

(click to enlarge)

Insider buying during the last 30 days

Here is a table of Inter Pipeline's insider activity during the last 30 days.

NameTitleTrade DateShares PurchasedCurrent OwnershipIncrease In Shares
Alison LoveDirectorMay 14-151,0005,386 shares+22.8%
Antonio MauroVPMay 141,0001,000 sharesfrom 0 to 1,000
Richard ShawDirectorMay 284,10017,300 shares+31.1%

There have been 6,100 shares purchased by insiders during the last 30 days.

Insider buying by calendar month

Here is a table of Inter Pipeline's insider activity by calendar month.

MonthInsider buying / sharesInsider selling / shares
May 20146,1000
April 20144,0000
March 201400
February 201400
January 201400
December 201310,0000
November 20134,0000
October 201326,5570
September 201310,0000
August 201300
July 201300
June 201300
May 201300
April 201300
March 201300
February 201300
January 201300

There have been 60,657 shares purchased and there have been zero shares sold by insiders since January 2013.

Financials

Inter Pipeline reported the first-quarter financial results on May 12 with the following highlights:

RevenueC$410.7 million
Funds from operationsC$131.7 million
Net incomeC$89.6 million
CashC$226.1 million
DebtC$4.2 billion

The three insiders purchased their shares after these results.

Upcoming milestones

Inter Pipeline has secured oil sand projects worth over $3 billion.

(click to enlarge)

(Source: Investor presentation)

Competition

Inter Pipeline's competitors include Pembina Pipeline (NYSE:PBA) and TransCanada (NYSE:TRP). Here is a table comparing these companies.

CompanyIPPLFPBATRP
Market Cap:9.40B12.97B33.03B
Employees:N/A9045,551
Qtrly Rev Growth (yoy):0.250.410.28
Revenue:1.33B5.11B8.70B
Gross Margin:N/A0.160.52
EBITDA:591.12M871.65M4.15B
Operating Margin:0.350.140.32
Net Income:-38.39M363.42M1.55B
EPS:-0.131.142.19
P/E:N/A35.1121.34
PEG (5 yr expected):N/A-8.081.42
P/S:7.022.563.82
Dividend Yield:4.10%3.98%3.77%

Inter Pipeline has the highest dividend yield among these three companies.

Here is a table of these competitors' insider activities during the last 30 days.

CompanyInsider buying / sharesInsider selling / shares
PBA1,7500
TRP01,000

Only Inter Pipeline has seen intensive insider buying during the last 30 days.

Conclusion

There have been three different insiders buying Inter Pipeline, and there have not been any insiders selling Inter Pipeline during the last 30 days. All three of these insiders increased their holdings by more than 10% each.

(click to enlarge)

(Source: Investor presentation)

The three insiders purchased their shares at prices ranging from $27.85 (C$30.08) to $29.08 (C$31.41). I believe Inter Pipeline could be a good pick below $29.08 based on the intensive insider buying.

(click to enlarge)

(Source: Investor presentation)

Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in IPPLF 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.

Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.

Source: Inter Pipeline: 3 Different Insiders Have Purchased Shares During The Last 30 Days