Energy Insiders Are Buying Big On The TSX: January Edition

Summary

Insider transaction review can be an important exercise.

A single month may be an outlier for any particular company, but may give an alert to review the company in greater detail.

January's insider transactions for the oil and gas sector are revelatory, detailing extensive buying patterns.

"When written in Chinese the word crisis is composed of two characters. One represents danger, and the other represents opportunity." - John F. Kennedy

To say that the oil and gas sector has been a bloodbath of late would be an understatement. Without belaboring the details, it's been a trying time for investors. However, insiders themselves seem less worried, and many are diving in with both hands as their own companies are put on the auction block for deep discount. While certainly not every company will survive the carnage, plenty of insiders are making big wagers with their own money on their future.

In this article, I have analyzed hundreds of pages worth of data from SEDI and from Canadian Insider in order to both give an eagle's-eye view of the situation at large, and to allow for a closer look when a narrative seems to be developing. Particularly of interest are companies that are experiencing extreme amounts of either buying or selling, as we can dig in to take a closer look and attempt to divine a narrative behind the motions. Is a company rewarding its officers too richly and diluting the stock? Is the company cash poor, and resorting to stock awards to keep valuable players? Is the stock just plain overvalued at the moment? A summary gives us a good starting point, so here we go.

Data Sorting Methodology

The TSX is our area of focus today. Dollars are listed as Canadian dollars, except for NYSE listed stocks. I have also included the market cap of each company in order to give perspective to the types of players each company involves. While these companies have a primary Canadian listing, I have hyperlinked the US OTCPK, OTCQX or GREY listing on Seeking Alpha for non-NYSE listed stocks in order to maintain visual coherency within the article.

I have also utilized templating on the presentation of the data, so as to maintain a coherency between different listings and to ensure that no misunderstandings arise.

What We Found

I was not surprised to see far more buying than selling, of course. Many energy companies have weathered the brutal price shocks we are seeing now before, and have come out just as strong as before. Certainly officers in these longstanding companies are confident enough in their own mechanisms even against ominous market signals.

However, I did see some isolated instances of heavy officer selling. Some companies such as Enerplus experienced heavy selling this month. Others such as Valeura and Zargon find insiders willing to continue buying as much as they can get a hold of. Of course, it's most telling when an officer of the company is willing to go to the public market to purchase his own stock, rather than to rely on options and grants.

One particularly notable stock is Long Run Exploration, which saw not only reasonably enthusiastic buying but also multiple insiders doing so on the public market, after taking advantage of employee purchase plans. Another one is Canadian Natural Resources Ltd., which issued 11,000 shares to employees for compensation purposes, and experienced moderate insider selling during January. Both of these companies may be worth taking a closer look at to see if these patterns persist.

Without further ado, let's begin.

Abenteuer Resources (OTC:ABETF)
Market Cap: $2.19M

Insider J. Lewis Dillman bought 20,000 shares in the public market on Jan 9/15 at a price of $0.11, for a total of $2,200.

Advantage Oil And Gas (NYSE: AAV-OLD)
Market Cap: $685M

140,309 options were purchased by various insiders as a result of exercised options on 12/31.

AltaGas Ltd. (OTCPK:ATGFF)
Market Cap: $5.7B

Insider John Edward Lowe sold 5,000 shares in the public market on 12/31 at a price of $43.25, for a total of $216,250.
A total of 10,000 options were exercised on Jan 9/15 by Allan Leslie Edgeworth for stock.

Arc Resources (OTCPK:AETUF)
Market Cap: $7.7B

A total of 491 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider notes on a bought-deal financing offering are as follows:

Insider Harold N. Kvisle bought 5,000 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $112,750.

Insider George Sembo bought 2,800 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $63,140.

Insider Neil Adrian Groeneveld bought 5,000 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $112,750.

Insider Jay Billesberger bought 1,000 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $22,550.

Insider Kristen Jon Bibby bought 2,000 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $45,100.

Insider Myron Maurice Stadnyk bought 10,600 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $239,030.

Insider David Paul Carey bought 1,700 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $38,335.

Insider Herbert Pinder bought 20,000 shares under a prospectus on Jan 26/15 at a price of $22.55, for a total of $451,000.

Arctic Hunter Energy (OTC:RCTRF)
Market Cap: $478K

Insider Timothy Andrew Coupland bought 100,000 shares in the public market on Jan 7/15 at a price of $0.02, for a total of $2,000.

Argent Energy (TSE: AET.UN)
Market Cap: $30M

A total of 5,794 shares were purchased throughout the month on employee purchasing plans by insiders Mathew Wong and Glen Christian Schmidt.

Insider Mathew Wong sold 4,486 shares in the public market on Jan 16/15 at a price of $0.66, for a total of $2,961.

Arsenal Energy (OTCQX:AEYIF)
Market Cap: $68M

A total of 17,233 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Ronald Francis Carter Forth bought 5,488 shares in the public market on Dec 31/14 at a price of $7.1, for a total of $38,965.

Insider Bruce Mitchell bought 17,300 shares in the public market throughout the month at an average price of $4.074, for a total of $70,480.

Artek Exploration (OTCPK:ARKXF)
Market Cap: $102M

A total of 30,276 shares were purchased on the week ending 12/31 on employee purchasing plans.

Athabasca Oil Corp. (OTCPK:ATHOF)
Market Cap: $748M

Insider Peter D. Sametz bought 15,000 shares in the public market on Jan 14/15 at a price of $2.05, for a total of $30,750.

Insider Carlos Antonio Fierro bought 40,000 shares in the public market on Jan 9/15 at a price of $2.23, for a total of $89,200.

Avanti Energy (V: AVN)
Market Cap: $18.62M

Insider Kirk Gamley bought 10,000 shares in the public market on Jan 6/15 at a price of $0.4, for a total of $4,000.

Bayshore Petroleum (OTC:BHROF)
Market Cap: $2.16M

Insider Peter Ho bought 10,000 shares in the public market on 12/31 at a price of $0.135, for a total of $1,350.

Baytex Energy Corp. (NYSE: BTE)
Market Cap: $2.35B

A total of 112,973 shares were received this month by various insiders for stock via exercised rights. These insiders sold a total of 34,862 shares on Jan 15/15 at $17.66, for a total of $615,662, the disposition via a purchase/ownership plan.

Insider Cameron Hercus bought 10,530 shares in the public market on Jan 28/15 at a price of $19, for a total of $200,070.

Insider Brian Gordon Ector bought 902 shares in the public market on Jan 9/15 at a price of $17.34, for a total of $15,641.

Bellatrix Exploration (NYSE: BXE-OLD)
Market Cap: $367.7M

Insider William Carmichael Dunn bought 22,000 shares in the public market on 1/06 at a price of $3.51, for a total of $77,220.

A total of 16,842 shares were purchased on the week ending 1/16 on employee purchasing plans.

Insider Daniel Seth Lewis bought 50,000 shares in the public market on 1/15 at a price of $3.09, for a total of $154,500.

Insider Mark Lindsay Stephen bought 2,500 shares in the public market on 1/15 at a price of $3.08, for a total of $7,700.

Insider Daniel Seth Lewis bought 100,000 shares in the public market on 1/23 at a price of $3.19, for a total of $319,000.

Also, Orange Capital has taken a 14.3% stake in the company, detailed in this PRO article Bellatrix - Orange Capital's 14.3% Stake A Positive Catalyst by author Michael Fitzsimmons.

Bengal Energy (OTCPK:BNGLF)
Market Cap: $14.66M

A total of 36,719 shares were purchased throughout the month on employee purchasing plans by various insiders.

Blackbird Energy (OTCPK:BKBEF)
Market Cap: $101.3M

Insider Randy Schmautz bought 860,000 shares in the public market throughout the month at an average price of $0.2347, for a total of $201,865.

Bonavista Energy Corporation (OTCPK:BNPUF)
Market Cap: $1.22B

Insider Glenn A. Hamilton sold 55,744 shares in the public market on 1/8 at a price of $6.65, for a total of $370,698. This was a complete liquidation of his stake.

Bowmore Exploration (OTC:BWMXF)
Market Cap: $4.37M

Insider Robert Wares bought 50,000 shares in the public market on 1/14 at a price of $0.06, for a total of $3,000.

Insider Robert Wares bought 50,000 shares in the public market on 1/28 at a price of $0.06, for a total of $3,000.

Insider Robert Wares bought 13,000 shares in the public market on 1/28 at a price of $0.055, for a total of $715.

Calfrac Well Services (OTCPK:CFWFF)
Market Cap: $777.26M

Insider Roderick Pius Kuntz bought 3,000 shares in the public market on 1/6 at a price of $9.29, for a total of $27,870.

A total of 70,000 deferred share units were exercised by various insiders on the week ending 1/9 for cash.

Canacol Energy (OTCQX:CNNEF)
Market Cap: $388.5M

Insider Greg Elliot bought 9,419 shares in the public market on 1/12 at a price of $1.79, for a total of $16,860.

Canadian Natural Resources Ltd. (NYSE: CNQ)
Market Cap: $30.19B

A total of 19,259 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Paul Martin Mendes bought 170 shares in the public market on Jan 19/15 at a price of $34.7, for a total of $5,899.

Insider Randall Scott Davis bought 764 shares in the public market on Jan 16/15 at a price of $32.6, for a total of $24,906.

Insider Mary-Jo Case sold 12,500 shares in the public market on Jan 26/15 at a price of $36.45, for a total of $455,625, and sold 5,000 shares in the public market on Jan 19/15 at a price of $35.04, for a total of $175,200.

Insider Terry James Jocksch sold 9,000 shares in the public market on Jan 21/15 at a price of $36.25, for a total of $326,250.

Insider Randall Scott Davis sold 764 shares in the public market on Jan 16/15 at a price of $32.6, for a total of $24,906.

Insider Corey B. Bieber sold 17,000 shares in the public market on Jan 2/15 at a price of $36.52, for a total of $620,840.

A total of 11,000 shares were issued throughout the month for compensation to various insiders.

Canadian Spirit Resources (OTC:CSPUF)
Market Cap: $37.37M

A total of 9,778,500 shares were purchased by Elmag Investments on the open market between 12/31 and 1/30.

Ceiba Energy Services (OTC:CBGYF)
Market Cap: $51.83M

Insider Brian Kenneth Peterson bought 10,000 shares in the public market on 1/2 at a price of $0.5, for a total of $5,000.

Insider Ian Harvey Simister bought 34,000 shares in the public market on at a price of $0.5, for a total of $17,000.

Insider Brian Kenneth Peterson bought 17,600 shares in the public market on 1/6 at a price of $0.48, for a total of $8,448.

Insider Brian Kenneth Peterson bought 6,000 shares in the public market on 1/15 at a price of $0.47, for a total of $2,820.

Cenovus Energy Inc. (NYSE: CVE)
Market Cap: $13.68B

A total of 34,833 shares were purchased throughout the month on employee purchasing plans by various insiders.

Cequence Energy (OTCPK:CEQXF)
Market Cap: $183.59M

A total of 275,283 shares were purchased throughout the month on employee purchasing plans by various insiders.

Chinook Energy (OTCPK:CNKEF)
Market Cap: $245.19M

A total of 152,181 shares were purchased throughout the month on employee purchasing plans by various insiders.

Condor Petroleum (OTC:CNPRF)
Market Cap: $39.57M

Insider Norman Storm bought 162,500 shares in the public market on 1/21,1/22 and 1/23 at an average price of $0.1727, for a total of $28,062.

Crescent Point Energy Corp. (NYSE: CPG)
Market Cap: $13.44B

A total of 415,058 deferred share units were exercised on 1/15 by various insiders for stock.

Insider Gregory Tisdale sold 10,000 shares in the public market on 1/2 at a price of $27.24, for a total of $272,400.

Insider Ryan Gritzfeldt sold 15,000 shares in the public market on 1/16 at a price of $30.33, for a total of $454,950.

Insider Bradley Harlan Borggard sold 1,500 shares in the public market on 1/21 at a price of $29.4, for a total of $44,100.

Insider Trent Terry Stangl sold 5,000 shares in the public market on 1/23 at a price of $30.67, for a total of $153,350, and 155 more on 1/26 at $31.05 for a total of $4,812.

Dalmac Energy (V: [DAL])
Market Cap: $6.28M

Insider John Ivan Babic bought 4,000 shares in the public market on Jan 12/15 at a price of $0.25, for a total of $1,000.

Insider Jonathan Gallo bought 16,666 shares in the public market on Jan 2/15 at a price of $0.3, for a total of $5,000.

Delphi Energy Corp. (OTCPK:DPGYF)
Market Cap: $181.91M

Insider Harry Sinclair Campbell bought 28,000 shares in the public market on Jan 12/15 at a price of $1.18, for a total of $33,040.

A total of 26,882 shares were purchased throughout the month on employee purchasing plans by various insiders.

East West Petroleum Corp. (OTCPK:EWPMF)
Market Cap: $9.18M

A total of 75,000 shares were bought this month by the company at an average price of $0.1239, for purposes of cancellation.

Emperor Oil (OTC:CHVFF)
Market Cap: $2.26M

Insider Gregory Robert Fedun sold 350,000 shares in the public market on Jan 12/15 at a price of $0.0228, for a total of $8,000.

Encana (NYSE: ECA)

Market Cap: $8.97B

A total of 13,859 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Stephen Edward Dyck bought 200 shares in the public market on Jan 6/15 at a price of $12.86, for a total of $2,572.

Insider Corey Douglas Code bought 700 shares in the public market on Jan 2/15 at a price of $16.06, for a total of $11,242.

Encore Energy Corp. (OTC:TGRUF)
Market Cap: $1.72M

Insider Mark Pelizza bought 95,000 shares in the public market on Dec 29-31/14 at a price of $0.025, for a total of $2,375.

Energold Drilling Corp. (OTCPK:EGDFF)
Market Cap: $57.12M

Insider Steven Gold bought 2,000 shares in the public market on Jan 15/15 at a price of $1.01, for a total of $2,020.

Enerplus (NYSE: ERF)
Market Cap: $1.87B

A total of 88,423 shares were issued on Jan 6/15 for compensation to various insiders.

A total of 134,508 shares were received this month by various insiders for stock via exercised rights.

Insider Jodine Julene Jenson Labrie sold 2,438 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $36,741.

Insider Edward McLaughlin sold 7,762 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $116,973.

Insider Patrick Scott Walsh sold 6,530 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $98,407.

Insider Kenneth Young sold 8,239 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $124,162.

Insider Jo-Anne M. Caza sold 6,316 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $95,182.

Insider Raymond John Daniels sold 15,765 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $237,579.

Insider Eric G.C. Le Dain sold 14,159 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $213,376.

Insider Michael Politeski sold 1,976 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $29,778.

Insider David Mccoy sold 10,845 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $163,434.

Insider Robert J. Waters sold 20,245 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $305,092.

Insider Robert Anthony Kehrig sold 11,900 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $179,333.

Insider Ian Charles Dundas sold 28,333 shares in the public market on Dec 31/14 at a price of $15.07, for a total of $426,978.

Ensign Energy Services (OTCPK:ESVIF)
Market Cap: $1.35B

A total of 2,000 shares were issued throughout the month for compensation to various insiders.

A total of 18,284 shares were purchased throughout the month on employee purchasing plans by various insiders.

Essential Energy Services (OTCPK:EEYUF)
Market Cap: $164.77M

A total of 95,000 shares were received this month by Jeffrey Burt Newman and Donald Webster for stock via exercised rights.

A total of 68,145 restricted rights share units were sold during the month by various insiders for cash, and a total of 39,222 were acquired during this period.

A total of 85,428 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Jeffrey Burt Newman sold 40,000 shares in the public market on Jan 7/15, although the price was not disclosed on the insider report.

Groundstar Resources (TSX: GSA)
Market Cap: $1.78M

Insider Dale Hammons bought 562,000 shares in the public market throughout the month at an average price of $0.0674, for a total of $37,879.

Hawk Exploration (OTC:HWKXF)
Market Cap: $11.39M

Insider John David Wright bought 10,000 shares in the public market on Jan 7/15 at a price of $0.19, for a total of $1,900.

Insider David Norman Bonnar bought 75,000 shares in the public market on Jan 6/15 at a price of $0.185, for a total of $13,875.

High Arctic Energy Services (OTCPK:HGHAF)
Market Cap: $209.69M

Insider Shannon Jean Matthyssen bought 20,000 shares in the public market on Jan 12-13/15 at a price of $3.68, for a total of $73,600.

A total of 95,600 shares were bought this month by the company at an average price of $3.675, for purposes of cancellation.

Hillcrest Resources (OTCPK:HLRTF)
Market Cap: $1.87M

Insider Donald James Currie bought 45,000 shares in the public market on Jan 22/15 at a price of $0.075, for a total of $3,375.

Insider Michael Krzus bought 1,175,000 shares under a prospectus on Jan 26/15 at a price of $0.05, for a total of $58,750.

Insider Jason Paul Oden bought 500,000 shares under a prospectus on Jan 14/15 at a price of $0.05, for a total of $25,000.

Insider Donald James Currie bought 1,000,000 shares under a prospectus on Jan 14/15 at a price of $0.05, for a total of $50,000.

Husky Energy (OTCPK:HUSKF)
Market Cap: $27.08B

Insider Whampoa Luxembourg Holdings S.à r.l. Hutchison bought 61,357,010 shares in a private transaction on Jan 9/15 at a price of $27.01, for a total of $1,657,252,840, from insider Ka-Shing Li.

Journey Energy (OTC:JRNGF, TSX: JOY)
Market Cap: $173.96M

Insider Alexander G. Verge bought 40,000 shares in the public market on Jan 26/15 at a price of $5.3, for a total of $212,000.

Insider Dana Bruce Laustsen bought 8,000 shares in the public market on 1/6 and 1/13 at an average price of $5.241, for a total of $41,928.

Kelt Exploration (OTC:KELTF)
Market Cap: $799.68M

Insider David John Wilson bought 50,000 shares in the public market on Jan 29/15 at a price of $5.89, for a total of $294,500, and 40,000 shares on Jan 28/15 at a price of $5.85, for a total of $234,000.

Insider Sadiq Lalani bought 10,000 shares in the public market on Jan 14/15 at a price of $5.97, for a total of $59,700.

Insider Eldon Angus McIntyre bought 11,700 shares in the public market on Jan 13/15 at a price of $5.9, for a total of $69,030.

Insider David John Wilson bought 77,100 shares in private transactions throughout the month at an average price of $5.9, for a total of $454,890.

Lariat Energy (TSX: [LE])
Market Cap: $2.57M

Insider Michele Marrandino bought 75,000 shares in the public market throughout the month at an average price of $0.1233, for a total of $9,248.

Lightstream Resources (OTC:LSTMF)
Market Cap: $128.25M

A total of 30,472 shares were purchased throughout the month on employee purchasing plans by insiders John David Wright and Doreen Scheidt.

Insider Bradford James Malley bought 20,000 shares in the public market on Jan 6/15 at a price of $1, for a total of $20,000.

Insider Annie C. Belecki bought 10,000 shares in the public market on Jan 6/15 at a price of $1.02, for a total of $10,200.

Insider John David Wright bought 200,000 shares in the public market on Jan 7/15 and 9/15 at a price of $1.0225, for a total of $204,500.

Long Run Exploration (OTCPK:WFREF)
Market Cap: $205.11M

A total of 143,346 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Dale John Orton bought 30,000 shares in the public market on Jan 15/15 at a price of $1.19, for a total of $35,700.

Insider Devin Kent Sundstrom bought 24,000 shares in the public market on Jan 16/15 at a price of $1.28, for a total of $30,720.

Insider William E. Andrew bought 30,000 shares in the public market on Jan 26/15 at a price of $1.11, for a total of $33,300.

Insider Corine Renae Knight Bushfield bought 32,000 shares in the public market on Jan 14/15 at a price of $1.2, for a total of $38,400.

Insider Jana King bought 12,000 shares in the public market on Jan 6/15 and 12/15 at an average price of $1.38, for a total of $16,560.

Insider Michael Graham bought 95,000 shares in the public market throughout the month at an average price of $1.113, for a total of $105,735.

Manitok Energy Corporation (OTC:MKRYF)
Market Cap: $47.22M

A total of 9,292 shares were purchased throughout the month on employee purchasing plans by various insiders.

Marquee Energy Corporation (OTC:MQLXF)
Market Cap: $51.75M

A total of 230,304 shares were purchased on Jan 15/15 on employee purchasing plans by various insiders.

Insider Gregory George Turnbull bought a total of 100,000 shares in the public market on Jan 6/15 and 21/15 at an average price of $0.485, for a total of $48,500.

Mountainview Energy (OTCPK:MNVWF)
Market Cap: $6.37M

Insider Carter D. Stewart bought 139,000 shares in a private transaction on Jan 15/15 at a price of $0.075, for a total of $10,425.

Niko Resources (OTCPK:NKRSF)
Market Cap: $23.19M

Insider Robert Disbrow bought 94,500 shares in the public market throughout the month at an average price of $0.235, for a total of $22,208. (100,000 buy, then small sales of 2,500 and 3,000 respectively) Disbrow also acquired $48,000 in convertible notes during the month.

Northern Spirit Resources (V: [NS])
Market Cap: $17.66M

Insider Paul Kwong Shun Cheung bought 360,000 shares in the public market throughout the month at an average price of $0.049, for a total of $17,640.

NuVista Energy (OTCPK:NUVSF)
Market Cap: $989.17M

Insider Jonathan Andrew Wright bought 4,000 shares in the public market on Jan 12/15 at a price of $5.95, for a total of $23,800.

A total of 4,500 options were exercised on Jan 14/15 by insider Ross Lloyd Andreachuk for cash.

Orca Exploration Group (OTCPK:ORXGF)
Market Cap: $100.91M

Insider Lloyd I. Miller bought 29,600 shares in the public market throughout the month at an average price of $2.449, for a total of $72,490.

Pacific Rubiales Energy Corp. (PEGFF)
Market Cap: $932.48M

Insider Carlos Gomez bought 1,000 shares in the public market on Jan 13/15 at a price of $4.98, for a total of $4,980.

Insider Serafino Iacono acquired $645,000 in payable notes, expiring 2019, on Jan 14/15.

Parallel Energy Trust (OTC:PEYTF)
Market Cap: $32.36M

Insider Henry William Sykes bought 10,000 shares in the public market on Jan 2/15 at a price of $0.785, for a total of $7,850.

Paramount Resources Ltd. (OTCPK:PRMRF)
Market Cap: $2.99B

Insider David M. Knott bought 15,000 shares in the public market on Jan 5/15 at a price of $23.5, for a total of $352,500, and 4,000 shares on Jan 7/15 at a price of $20.82, for a total of $83,280.

A total of 3,000 shares were received this month by Joerg Wittenberg for stock via exercised rights, and then sold in the public market on Jan 26/15 at a price of $13.2, for a total of $39,600.

Insider Thomas Eugene Claugus sold 515,000 shares in the public market throughout the month at a price of $20.065, for a total of $10,333,542.

Perpetual Energy (OTCPK:PMGYF)
Market Cap: $145.57M

Insider Clayton H. Riddell bought 100,000 shares in the public market on Dec 31/14 and Jan 6/15 at an average price of $0.992, for a total of $99,200.

Petroamerica Oil Corp. (OTCPK:PTAXF)
Market Cap: $122.95M

Insider Colin Wagner bought 200,000 shares in the public market on Jan 15/15 at a price of $0.15, for a total of $30,000.

Petrolympic Ltd. (OTCQB:PCQRF)
Market Cap: $21.5M

Insider Brocha Ekstein bought 19,000 shares in the public market throughout the month at an average price of $0.2128, for a total of $4,045.

Peyto Exploration And Development Corp. (OTCPK:PEYUF)
Market Cap: $4.94B

A total of 755,001 share rights were exercised on Jan 7/15 by various insiders for cash (these rights were cash-only).

Various insiders bought 114,160 shares in a private transaction on Jan 7/15 at an unlisted price.

Insider Todd Burdick bought 600 shares in the public market on Jan 7/15 at an unlisted price.

Insider Scott Robinson sold 5,000 shares in the public market on Jan 9/15 at an unlisted price.

Pinecrest Energy (OTCPK:PNCGF)
Market Cap: $4.34M

A total of 404,838 shares each were purchased throughout the month on employee purchasing plans by Korby D. Zimmerman, Daniel Toews, Joseph John Sobochan, Michael Gough, and Leonard Wade Becker, for a total of 2,024,190 shares purchased.

Pine Cliff Energy Ltd. (OTCPK:PIFYF)
Market Cap: $294.86M

Insider Gary J. Drummond bought 940,000 shares in the public market on Jan 15/15 at a price of $1.5, for a total of $1,410,000.

A total of 200,000 shares were received this month by Philip Blake Hodge for stock via exercised rights.

Quattro Exploration (OTC:QEXXF)
Market Cap: $15.01M

Insider Leonard Zaseybida bought 40,000 shares in the public market on Jan 28/15 at a price of $0.34, for a total of $13,600, and 25,000 shares in the public market on Jan 27/15 at a price of $0.32, for a total of $8,000.

Insider Leonard B. Van Betuw bought 7,500 shares in the public market on Jan 16/15 at a price of $0.33, for a total of $2,475.

Questerre Energy Corp. (OTCPK:QTEYF)
Market Cap: $78.16M

Mandatum Life Insurance Company Limited sold 1,263,503 shares in the public market throughout the month at a price of $.3392, for a total of $428,580.

Raging River Exploration (OTC:RRENF)
Market Cap: $1.33B

Insider Bruce Robertson sold 200,000 shares in the public market on Jan 5/15 at a price of $6.66, for a total of $1,332,000.

Relentless Resources Ltd. (V: RRL)
Market Cap: $11.8M

Insider Ronald John Peshke bought 198,500 shares in the public market on Jan 5/15 at a price of $0.205, for a total of $40,693.

Insider William Colin MacDonald bought 130,000 shares in the public market throughout the month at an average price of $0.21, for a total of $27,300.

Secure Energy Services (OTCPK:SECYF)
Market Cap: $1.79B

A total of 1,434 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Allen Peter Gransch sold 40,000 shares in the public market on Jan 2/15 at a price of $17.07, for a total of $682,800, after exercising options for 60,000 shares.

Sterling Resources (SGURF)
Market Cap: $82.39M

Insider Jacob Shields Ulrich bought 299,470 shares in the public market throughout the month at an average price of $0.1802, for a total of $53,968.

Insider Eleanor Jean Barker bought 50,000 shares in the public market on Jan 5/15 at a price of $0.25, for a total of $12,500.

Insider Robert Brian Carter bought 41,500 shares in the public market on Dec 31/14 at a price of $0.23, for a total of $9,545.

Storm Resources (OTCPK:SRMLF)
Market Cap: $391.85M

Insider Robert S. Tiberio bought 14,473 shares in the public market on Jan 20/15 at a price of $4.79, for a total of $69,326.

A total of 16,102 shares were purchased throughout the month on employee purchasing plans by various insiders.

Surge Energy (OTCPK:ZPTAF)
Market Cap: $565.55M

Insider Robert Allen Leach bought 75,000 shares in the public market on Jan 14/15 at a price of $2.47, for a total of $185,250, and 50,000 shares in the public market on Jan 28/15 at a price of $2.47, for a total of $123,500.

TAG Oil (OTCQX:TAOIF)
Market Cap: $90.14M

A total of 42,600 shares were bought this month by the company with intent to cancel.

Talisman Energy (NYSE: TLM)
Market Cap: $7.76B

A total of 87,831 shares were purchased throughout the month on employee purchasing plans by various insiders.

A total of 25,668 restricted share units were exercised on Jan 8/15 by Bruce Owen Dingeman for cash.

Tamarack Valley Energy (OTC:TNEYF)
Market Cap: $273.63M

Capital Corp GMT bought 1,619,600 shares in the public market throughout the month at an average price of $2.593, for a total of $4,200,000.

Tanager Energy (MNIRF)
Market Cap: $2.7M

Insider John Edward Squarek sold 1,245,000 shares privately on Jan 16/15. The stock price at this time was $.035.

Terra Energy (OTC:TTRHF)
Market Cap: $11.73M

Boeckh Investments Inc. bought 99,500 shares in the public market on Jan 19/15 at a price of $0.13, for a total of $12,935.

Insider Robert David Penner bought 33,000 shares in the public market on Jan 2/15 at a price of $0.16, for a total of $5,280.

Tethys Petroleum (OTCPK:TETHF)
Market Cap: $63.93M

A total of 90,478 shares were issued throughout the month for compensation to John Bell.

Insider William Paul Wells sold 60,000 shares in the public market on Jan 16/15 at a price of $0.185, for a total of $11,100, and 40,856 shares in the public market on Dec 31/14 at a price of $0.175, for a total of $7,150.

Toro Oil & Gas Ltd. (OTC:KEGYF)
Market Cap: $39.96M

Insider James Mahoney bought 100,000 shares under a prospectus on Jan 8/15 at a price of $1, for a total of $100,000.

Total Energy Services (OTC:TOTZF)
Market Cap: $404.62M

Insider Randy Kwasnicia bought 1,000 shares in the public market on Jan 13/15 at a price of $12.61, for a total of $12,610.

Insider Dennis Reinhold Hassel bought 15,000 shares in the public market on Jan 5/15 at a price of $12.77, for a total of $191,550.

Insider Bruce Lawrence Pachkowski bought 4,000 shares in the public market on Jan 5/15 at a price of $12.72, for a total of $50,880.

A total of 1,614 shares were purchased on Dec 31/14 on employee purchasing plans by Daniel Kim Halyk and Yuliya Gorbach.

Touchstone Exploration (T: TXP)
Market Cap: $29.07M

A total of 40,773 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider John David Wright bought 109,000 shares in the public market on Jan 22/15 at a price of $0.34, for a total of $37,060; 5,000 shares in the public market on Jan 16/15 at a price of $0.34, for a total of $1,700; and 48,000 shares in the public market on Jan 7/15 at a price of $0.32, for a total of $15,360, for a sum of $54,120.

Tourmaline Oil (OTCPK:TRMLF)
Market Cap: $7.09B

Insider Drew E. Tumbach sold 50,000 shares in the public market on Jan 15/15 at a price of $37.46, for a total of $1,873,000.

Insider Mike Rose bought 5,000 shares in the public market on Jan 29/15 at a price of $33.68, for a total of $168,400, and bought 15,000 shares in the public market on Jan 28/15 at a price of $35.3, for a total of $529,500.

Traverse Energy Ltd. (OTC:TVETF)
Market Cap: $47.08M

Insider Laurie James Smith bought 26,000 shares in the public market throughout the month at an average price of $0.801, for a total of $20,826.

Trilogy Energy (OTCPK:TETZF)
Market Cap: $851.41M

Insider Robert M. MacDonald bought 2,500 shares in the public market on Jan 22-23/15 at an average price of $5.73, for a total of $14,325.

Insider John B. Williams bought 10,000 shares in the public market on Jan 7/15 at a price of $6.78, for a total of $67,800.

Insider Clayton H. Riddell bought 780,000 shares in the public market throughout the month at an average price of $6.421, for a total of $5,008,500.

Twin Butte Energy (OTC:TBTEF)
Market Cap: $252.48M

A total of 32,074 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider William Austin Trickett sold 13,550 shares in the public market on Jan 20/15 at a price of $0.68, for a total of $9,214.

Valeura Energy Inc. (OTC:PNWRF)
Market Cap: $30.11M

Insider Scott Emmett Lamacraft bought 720,000 shares in the public market on Jan 7/15 at a price of $0.41, for a total of $295,200.

Waldron Energy Corp. (OTC:TTYGF)
Market Cap: $3.14M

Insider Ernest Sapieha bought 20,000 shares in the public market on Dec 31/14 at a price of $0.1, for a total of $2,000.

Western Energy Services Corp. (OTC:WEEEF)
Market Cap: $393.14M

A total of 13,094 shares were purchased throughout the month on employee purchasing plans by various insiders.

A total of 181,300 shares were bought this month by the company at an average price of $5.281, for purposes of cancellation.

Whitecap Resources (OTCPK:SPGYF)
Market Cap: $3.14B

A total of 35,040 shares were received this month by Grant Bradley Fagerheim for stock via exercised rights.

Insider David Michael Mombourquette bought 3,000 shares in the public market on Jan 12/15 at a price of $9.94, for a total of $29,820.

Yoho Resources (OTCPK:YOHOF)
Market Cap: $60.54M

A total of 42,017 shares were purchased on Dec 31/14 on employee purchasing plans by various insiders.

Zargon Energy (ZARFF)
Market Cap: $118.91M

A total of 9,977 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider K. James Harrison bought 20,000 shares in the public market on Jan 2/15 and 5/15 at an average price of $3.845, for a total of $76,900.

Insider Craig Henry Hansen bought 67,200 shares in the public market throughout the month at an average price of $3.739, for a total of $251,261, and exercised rights to acquire 43,175 shares.

Disclosure: The author is long ZARFF, PTAXF. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it. The author has no business relationship with any company whose stock is mentioned in this article.

Editor's Note: This article covers one or more microcap stocks. Please be aware of the risks associated with these stocks.