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

| About: Inter Pipeline (IPPLF)

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.

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Insider buying during the last 30 days

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

Name Title Trade Date Shares Purchased Current Ownership Increase In Shares
Alison Love Director May 14-15 1,000 5,386 shares +22.8%
Antonio Mauro VP May 14 1,000 1,000 shares from 0 to 1,000
Richard Shaw Director May 28 4,100 17,300 shares +31.1%
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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.

Month Insider buying / shares Insider selling / shares
May 2014 6,100 0
April 2014 4,000 0
March 2014 0 0
February 2014 0 0
January 2014 0 0
December 2013 10,000 0
November 2013 4,000 0
October 2013 26,557 0
September 2013 10,000 0
August 2013 0 0
July 2013 0 0
June 2013 0 0
May 2013 0 0
April 2013 0 0
March 2013 0 0
February 2013 0 0
January 2013 0 0
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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:

Revenue C$410.7 million
Funds from operations C$131.7 million
Net income C$89.6 million
Cash C$226.1 million
Debt C$4.2 billion
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The three insiders purchased their shares after these results.

Upcoming milestones

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

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(Source: Investor presentation)

Competition

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

Company IPPLF PBA TRP
Market Cap: 9.40B 12.97B 33.03B
Employees: N/A 904 5,551
Qtrly Rev Growth (yoy): 0.25 0.41 0.28
Revenue: 1.33B 5.11B 8.70B
Gross Margin: N/A 0.16 0.52
EBITDA: 591.12M 871.65M 4.15B
Operating Margin: 0.35 0.14 0.32
Net Income: -38.39M 363.42M 1.55B
EPS: -0.13 1.14 2.19
P/E: N/A 35.11 21.34
PEG (5 yr expected): N/A -8.08 1.42
P/S: 7.02 2.56 3.82
Dividend Yield: 4.10% 3.98% 3.77%
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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.

Company Insider buying / shares Insider selling / shares
PBA 1,750 0
TRP 0 1,000
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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.

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(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.

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(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.