Energy Insiders Are Buying Big On The TSX - February Edition

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Includes: AEYIF, AKTAF, AOIFF, ARSEF, BIREF, BNGLF, BXE-OLD, CNMXF, CNPRF, CNQ, COSWF, CPG, CRS, CVE, CWVLF, DPGYF, EGDFF, EGL, ENGFF, ERF, ESVIF, HGHAF, HLRTF, HUSKF, IPPLF, JE, MDLNF, MKRYF, NOA, NS, NUVSF, OBE, PBEGF, PCQ, PEGFQ, PKIUF, PMGYF, POEFF, PRMRF, PTR, QTEYF, RENFF, SECYF, SHASF, SOGFF, SRMLF, SU
by: Kevin Hess
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 a company in greater detail.

Insider transactions for the oil and gas sector are revelatory, detailing extensive buying patterns.

"I'm shocked, shocked to find that gambling is going on in here."

- Captain Renault, Casablanca

Continued share price pressure on the energy market has left it a buyer's market, with ongoing fears about the future of oil prices continuing to test investor confidence. With that in mind, insiders on the TSX continue to consolidate their positions, whether in anticipation of an upcoming buyout or of simply brighter horizons in the future.

In this article I have analyzed hundreds of pages worth of data from SEDI.CA 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, And Some Changes To The Presentation

The TSX is our area of focus today. Unlike my previous article, all dollars are listed in Canadian dollars except where specifically noted. I have also included the market cap of each company, in order to give perspective to the size of the company, and the share price as of 3/10, in order to give more perspective to the employee purchasing plans and stock awards given to employees.

While all of these companies have a primary Canadian listing, I have hyperlinked to 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.

I have noticed that there are sometimes discrepancies between US reported market caps and TSX reported market caps. I have switched to using Google Finance specifically for determining market cap.

What We Found

One particular story developing from last month's story of insider selling by Canadian Natural Resources Limited (NYSE: CNQ) was that it was very much a non-issue, as evidenced by the acquisition of a net 700,000 shares by company insiders during the month of February.

Other than that, and the curious case of the apparent Petromin (NYSE:PTR) swing trade, it appeared to be business as usual for the most part. Some major selling was affiliated with Crescent Point Energy (NYSE: CPG), and the Paramount Resources (OTCPK: OTCPK:PRMRF) divestiture by percentage owner Thomas Claugus, but for the most part there were no swift insider exits to the door that immediately stand out. And as Canadian Natural Resources Limited and Enerplus (NYSE: ERF) taught us last month, there may simply be a very boring reason for the sale that isn't actually linked to any sort of insider fears about the issue.

3MV Energy Corp. (V: TMV)
Market Cap: $6.6M
Share Price: $0.12

Insider Edward Duce bought 4,500 shares in the public market on Feb 4/15 at a price of $0.135, for a total of $608, and 11,000 shares in the public market on Feb 4/15 at a price of $0.13, for a total of $1,430.

Africa Oil Corp. (OTCPK: AOIFF)
Market Cap: $876M
Share Price: $2.37

Insider John Hunter Craig sold 50,000 shares in the public market on Feb 4/15 at a price of $2.66, for a total of $133,000.

Akita Drilling (GREY: OTCPK:AKTAF)
Market Cap: $186M
Share Price: $10.41

A total of 3,425 shares were purchased throughout the month on employee purchasing plans by various insiders.

Altai Resources (GREY: OTC:ARSEF)
Market Cap: $3.31M
Share Price: $0.06

Insider Maria Pui-Ching Au bought 12,000 shares in the public market on Feb 19/15 at a price of $0.065, for a total of $780.

Insider Niyazi Kacira bought 27,000 shares in the public market on Feb 6/15 at a price of $0.06, for a total of $1,620, and 20,000 shares in the public market on Feb 4/15 at a price of $0.06, for a total of $1,200.

ArPetrol Ltd. (GREY: RPTZD)
Market Cap: $5.27M
Share Price: $0.23

A total of 122,000 shares were bought this month by the company with intent to cancel.

Arsenal Energy (OTCQX: AEIYF)
Market Cap: $62.5M
Share Price: $3.51

A total of 15,294 shares were purchased throughout the month on an employee purchasing plan by Bruce Mitchell.

Bellatrix Exploration (NYSE: BXE-OLD)
Market Cap: $666M
Share Price: $3.48

A total of 17,849 shares were purchased throughout the month on employee purchasing plans by various insiders.

Bengal Energy (OTCPK: OTCPK:BNGLF)
Market Cap: $13.6M
Share Price: $0.20

A total of 46,500 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Richard Norman Edgar bought 42,000 shares in the public market throughout the month at an average price of $0.218, for a total of $9,156.

Birchcliff Energy (OTCPK: OTCPK:BIREF)
Market Cap: $954M
Share Price: $6.27

Insider Aaron Jeffery Tonken bought 3,200 shares in the public market on Feb 17/15 at a price of $7.68, for a total of $24,576.

Insider James William Surbey bought 3,100 Preferred Series C shares in the public market on Feb 19/15 at a price of $24.25, for a total of $75,170.

Canadian Natural Resources Ltd. (NYSE: CNQ)
Market Cap: $39.7B
Share Price: $36.39

A total of 708,328 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider William Robert Peterson sold 10,000 shares in the public market on Feb 3/15 at a price of $39.91, for a total of $399,100.

Insider Michel Cusson sold 1,500 shares in the public market on Feb 3/15 at a price of $39.81, for a total of $59,715, and 2,000 shares in the public market on Feb 2/15 at a price of $38.3, for a total of $76,600.

Insider Terry James Jocksch sold 10,000 shares in the public market on Feb 2/15 at a price of $37.97, for a total of $379,700.

Canadian Oil Recovery & Remediation Enterprises Ltd. (OTCPK: CRVYF)
Market Cap: $4.5M
Share Price: $0.04

Insider John Michael Lorenzo bought 25,000 shares in the public market on Feb 26/15 at a price of $0.045, for a total of $1,125, 25,000 shares in the public market on Feb 23/15 at a price of $0.06, for a total of $1,500, and 25,000 shares in the public market on Feb 2/15 at a price of $0.033, for a total of $825.

Canadian Oil Sands Limited (OTCQX: COSWF)
Market Cap: $4.4B
Share Price: $9.15

A total of 637 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Wesley R. Twiss sold 2,000 shares in the public market on Feb 3/15 at a price of $11.49, for a total of $22,980.

Canamex Resources Corp. (OTCQX: CNMXF)
Market Cap: $14.8M
Share Price: $0.115

Insider Michael Stark bought 5,000 shares in the public market on Feb 26/15 at a price of $0.12, for a total of $600, 5,000 shares in the public market on Feb 13/15 at a price of $0.14, for a total of $700, and 4,000 shares in the public market on Feb 11/15 at a price of $0.135, for a total of $540.

Cardiff Energy Corp. (V: CRS)
Market Cap: $3M
Share Price: $0.09

Insider Jatinder Singh Bal bought 49,000 shares in the public market on Feb 5/15 at a price of $0.06, for a total of $2,940, and 6,000 shares in the public market on Feb 4/15 at a price of $0.06, for a total of $360.

Insider Lorne Allan Torhjelm sold 10,000 shares in the public market on Feb 6/15 at an undisclosed price.

Insider Jatinder Singh Bal sold 25,000 shares in the public market on Feb 17/15 at a price of $0.075, for a total of $1,875, and 30,000 shares in the public market on Feb 17/15 at a price of $0.08, for a total of $2,400.

Cenovus Energy (NYSE: CVE)
Market Cap: $17.9B
Share Price: $21.72

A total of 342,596 deferred share units were exercised on Feb 27/15 for cash by various insiders, at a price of $23.82.
Insider Robert William Pease bought 2,250 shares in the public market on Feb 26/15 at a price of $21.86, for a total of $49,185.

Century Energy (GREY: CEYFF)
Market Cap: $750k
Share Price: $0.095

Insider John Anderson bought 10,000 shares in the public market on Feb 3/15 at a price of $0.1, for a total of $1,000.

CGX Energy (OTCPK: CGXEF)
Market Cap: $22.7M
Share Price: $0.26

Insider Serafino Iacono sold 164,100 shares in the public market throughout the month at an average price of $0.209, for a total of $34,297.

Crescent Point Energy Corp. (NYSE: )
Market Cap: $12.3B
Share Price: $27.71

Insider Derek Wayne Christie sold 10,000 shares in the public market on Feb 17/15 at a price of $32.95, for a total of $329,450.

Insider Kenneth Lamont sold 10,000 shares in the public market on Feb 3/15 at a price of $33.1, for a total of $331,000, and 10,000 shares in the public market on Feb 2/15 at a price of $31, for a total of $310,000.

A total of 783 shares were purchased throughout the month on employee purchasing plans by Gerald A. Romanzin.

Crown Point Energy Inc. (OTCPK: OTCPK:CWVLF)
Market Cap: $20M
Share Price: $0.15

Insider Roberto Dominguez bought 3,210,640 shares under a prospectus on Feb 27/15 at a price of $0.25, for a total of $802,660.
Insider Pablo Bernardo Peralta bought 3,210,640 shares under a prospectus on Feb 27/15 at a price of $0.25, for a total of $802,660.

Condor Petroleum Inc. (GREY: CNPRF)
Market Cap: $51.9M
Share Price: $0.15

Insider Norman Storm bought 239,500 shares in the public market throughout the month at an average price of $0.166, for a total of $40,715.

Delphi Energy Corp. (OTCPK: OTCPK:DPGYF)
Market Cap: $191M
Share Price: $1.23

A total of 30,809 shares were purchased throughout the month on employee purchasing plans by various insiders.

Eagle Energy Trust (T: EGL)
Market Cap: $86.2M
Share Price: $2.46

A total of 24,000 shares were bought this month by the company with intent to cancel.

Insider Eric McFadden bought 32,900 shares in the public market on Feb 6/15 at a price of $2.02, for a total of $66,458, and 17,100 shares in the public market on Feb 5/15 at a price of $1.98, for a total of $33,858.

East West Petroleum Corp. (OTCPK: EWPMF)
Market Cap: $11.4M
Share Price: $0.125

A total of 78,000 shares were bought this month by the company with intent to cancel at an average price of $0.167.

Energold Drilling Corp. (OTCPK: OTCPK:EGDFF)
Market Cap: $42.2M
Share Price: $0.88

Insider Steven Gold bought 3,000 shares in the public market on Feb 6/15 at a price of $0.9, for a total of $2,700.

Energulf Resources Inc. (GREY: OTC:ENGFF)
Market Cap: $14.1M
Share Price: $0.17

Insider Peter Lawrence Gianulis bought 181,441 shares under a prospectus on Feb 4/15 at a price of $0.15, for a total of $27,216.

Insider John David Elmore bought 288,657 shares under a prospectus on Feb 4/15 at a price of $0.15, for a total of $43,299.

Insider Anu Dhir bought 166,667 shares under a prospectus on Feb 4/15 at a price of $0.15, for a total of $25,000.

Insider Jeff Greenblum bought 166,667 shares under a prospectus on Feb 4/15 at a price of $0.15, for a total of $25,000.

Each insider also received an equivalent number of warrants at $0.25.

Ensign Energy Services (OTCPK: ESVIF)
Market Cap: $1.41B
Share Price: $9.26

A total of 5,651 shares were purchased throughout the month on employee purchasing plans by various insiders.

Exall Energy Corp. (GREY: EXGYF)
Market Cap: $3.3M
Share Price: $.05

Insider Warren Frederic Evan Coles bought 129,000 shares in the public market on Feb 12/15 at a price of $0.042, for a total of $5,418.

Greenfields Petroleum (GREY: GEEPF)
Market Cap: $13.26M

Share Price: $0.60

Insider Richard MacDougal sold 5,000 shares in the public market on Feb 26/15 at a price of $0.75, for a total of $3,750.

Insider Alex Warmath bought 6,961 shares in a private transaction on Feb 23/15 at a price of $1, for a total of $6,961.

Insider Garry Paul Mihaichuk bought 13,921 shares in a private transaction on Feb 23/15 at a price of $1, for a total of $13,921.

Insider Michael John Hibberd bought 13,921 shares in a private transaction on Feb 23/15 at a price of $1, for a total of $13,921.

Insider Richard MacDougal bought 6,961 shares in a private transaction on Feb 23/15 at a price of $1, for a total of $6,961.

Insider Gerald Francis Clark bought 13,921 shares in a private transaction on Feb 23/15 at a price of $1, for a total of $13,921.

Insider Norman Gustaf II Benson bought 6,000 shares in a private transaction on Feb 4/15 at a price of $0.89, for a total of $5,340.

Groundstar Resources Limited (CVE: GSA)
Market Cap: $1.1M
Share Price: $0.035

Insider Dale Hammons bought 625,000 shares in the public market throughout the month at an average price of $0.0457, for a total of $28,563.

Hemisphere Energy Corp. (OTCPK: HMENF)
Market Cap: $26.8M
Share Price: $0.355

A total of 345,000 shares were received this month by various insiders for stock via exercised rights.

Insider Don Simmons bought 145,900 shares in the public market throughout the month at an average price of $0.344, for a total of $50,190.

High Arctic Energy Services (GREY: HGHAF)
Market Cap: $199M
Share Price: $3.59

A total of 145,900 shares were bought this month by the company with intent to cancel, at an average price of $3.72.

Hillcrest Resources (OTCPK: OTCPK:HLRTF)
Market Cap: $2.26M
Share Price: $0.045

Insider Donald James Currie bought 115,000 shares in the public market throughout the month at an average price of $0.055, for a total of $6,325.

Husky Energy (OTCQB: OTCPK:HUSKF)
Market Cap: $26B

Share Price: $26.51

A total of 300,000 options were exercised on Feb 17/15 and Feb 25/15 by various insiders for cash, at a price of $28.19.

Inter Pipeline Ltd. (OTCPK: OTCPK:IPPLF)
Market Cap: $10.3B
Share Price: $32.09

Insider William David Robertson bought 2,000 shares in the public market on Feb 26/15 at a price of $33.6, for a total of $67,200.

Insider Alison Taylor Love bought 1,000 shares in the public market on Feb 26/15 at a price of $33.36, for a total of $33,360.

Insider Anita Elizabeth Dusevic Oliva bought 5,560 shares in the public market throughout the month at an average price of $33.612, for a total of $186,883.

Insider Duane Keinick bought 555 shares in the public market on Feb 23/15 at a price of $33.66, for a total of $18,681.

Just Energy (NYSE: JE)
Market Cap: $884M
Share Price: $6.05

Insider James A. Pattison bought 69,700 shares in the public market on Feb 18/15 at a price of $6.25, for a total of $435,625.

Insider Robert Scott Gahn bought 1,000 shares in the public market on Feb 13/15 at a price of USD$5.09, for a total of USD$5,090.

LGX Oil And Gas Inc. (GREY: ROAOF)
Market Cap: $6.2M
Share Price: $0.07

Insider Lloyd I. Miller bought 1,000,000 shares in the public market on Feb 5/15 at a price of USD$0.098, for a total of USD$98,000, and 400,000 shares in the public market on Feb 4/15 at a price of USD$0.106, for a total of USD$42,400.

Madalena Energy Inc. (OTCPK: MDNLF)
Market Cap: $207M
Share Price: $0.385

Insider Capital LP Maglan bought 8,387,000 shares in the public market throughout the month at an average price of $0.291, for a total of $2,440,617.

Manitok Energy Corp. (GREY: MKRYF)
Market Cap: $48.3M
Share Price: $0.74

A total of 11,988 shares were purchased throughout the month on employee purchasing plans by various insiders.
Insider Roderick Keith MacLeod bought 40,000 shares in the public market on Feb 13/15 at a price of $0.78, for a total of $31,200.

Insider Dennis Leroy Nerland bought 100,000 shares in the public market on Feb 6/15 at a price of $0.74, for a total of $74,000.

Marksmen Energy (OTCQB: MKSEF)
Market Cap: $8M
Share Price: $0.135

Insider John Angus McIntyre bought 20,000 shares in the public market on Feb 13/15 at a price of $0.15, for a total of $3,000.

Mobius Resources (OTCPK: ZDEXD)
Market Cap: $3.45M
Share Price: $0.14

A total of 100,500 shares were bought this month by the company with intent to cancel.

Mooncor Energy Corp. (GREY: MOOIF)
Market Cap: $1.68M
Share Price: $.01

Insider Allen Lone bought 110,000 shares in the public market on Feb 10/15 at a price of $0.01, for a total of $1,150.

North American Energy Partners Inc. (NYSE: NOA)
Market Cap: $115M
Share Price: $3.45

Insider Martin Robert Ferron bought 3,600 shares in the public market on Feb 23/15 at a price of $3.55, for a total of $12,780, and 3,200 shares in the public market on Feb 20/15 at a price of $3.66, for a total of $11,712.

Northern Spirit Resources (V: NS)
Market Cap: $15.8M
Share Price: $0.045

Insider Paul Kwong Shun Cheung bought 488,000 shares in the public market throughout the month at an average price of $0.048, for a total of $23,424.

NuVista Energy Ltd. (GREY: OTCPK:NUVSF)
Market Cap: $1.07B

Share Price: $7.76

A total of 30,433 shares were purchased throughout the month on employee purchasing plans by various insiders.

Pacific Rubiales Energy Corp. (OTCPK: PEGFF)
Market Cap: $941M
Share Price: $2.98

Insider Jose Francisco Arata sold 20,100 shares in the public market throughout the month at an average price of $4.275, for a total of $85,928.

Pan Orient Energy Corp. (OTCPK: OTCPK:POEFF)
Market Cap: $83.7M

Share Price: $1.45

Insider Gerald Joseph Macey bought 150,000 shares in the public market on Feb 4/15 at a price of $1.7, for a total of $255,000.

Paramount Resources (OTCPK: )
Market Cap: $3.2B
Share Price: $30.83

Insider Thomas Eugene Claugus sold 271,000 shares in the public market throughout the month at an average price of $26.787, for a total of $7,259,292.

Parkland Fuel Corp. (OTCPK: PKIUF)
Market Cap: $1.89B
Share Price: $23.03

A total of 2,746 shares were purchased throughout the month on employee purchasing plans by various insiders.

Penn West Petroleum Corp. (NYSE: PWE)
Market Cap: $1B
Share Price: $2

A total of 4,766 shares were issued throughout the month for compensation to James Edward Allard.

Perpetual Energy Inc. (OTCQX: OTCPK:PMGYF)
Market Cap: $150M
Share Price: $1

Insider Marcello Rapini sold 35,271 shares in the public market throughout at an average price of $1.149, for a total of $40,526.

Petrolympic Ltd. (V: PCQ)
Market Cap: $31.2M
Share Price: $0.305

Insider Brocha Ekstein bought 7,500 shares in the public market throughout the month at an average price of $0.274, for a total of $2,055.

Petromin Resources Ltd.
Market Cap: $2.55M
Share Price: $0.035

Insider A. Ross Gorrell bought 400,000 shares under a prospectus on Feb 5/15 at a price of $0.03, for a total of $12,000, and then sold 452,000 shares in the public market throughout the month at an average price of $0.032, for a total of $14,464.

Questerre Energy Corp. (OTCPK: OTCPK:QTEYF)
Market Cap: $82.1M
Share Price: $0.31

Life Insurance Company Limited Mandatum sold a total of 201,551 shares in the public market throughout the month at an average price of $0.354, for a total of $71,349.

Raimount Energy (V.RMT)
Market Cap: $9.87M

Share Price: $2.25

Insider Steve Vavra bought 800 shares in the public market on Feb 11/15 at a price of $2.35, for a total of $1,880.

Rock Energy Inc. (OTCPK: OTCPK:RENFF)
Market Cap: $102M
Share Price: $2.91

A total of 3,472 shares were purchased throughout the month on employee purchasing plans by various insiders.

Insider Stuart George Clark bought 390,512 shares under a prospectus on Feb 25/15 at a price of $2.35, for a total of $917,703.

Insider Robert A. Maitland bought 50,000 shares under a prospectus on Feb 25/15 at a price of $2.35, for a total of $117,500.

Insider Frank Walsh bought 85,106 shares under a prospectus on Feb 25/15 at a price of $2.35, for a total of $199,999.

Secure Energy Services (GREY: OTCPK:SECYF)
Market Cap: $1.78B
Share Price: $14.7

A total of 1,948 shares were purchased throughout the month on employee purchasing plans by various insiders.

ShaMaran Resources (OTCPK: OTCPK:SHASF)
Market Cap: $181M
Share Price: $0.115

A press release dated February 12 indicated that Lorito Holdings and Zebra Holdings acquired 45,701,409 common shares and 103,509,000 common shares respectively at a purchase price of .10 per share, boosting their aggregate holdings to 18.01% of ShaMaran.

Standard Exploration Ltd. (GREY: MAXMF)
Market Cap: $3.72M
Share Price: $0.045

Insider David V. Richards bought 30,000 shares in the public market on Feb 19/15 at a price of $0.03, for a total of $900, and 5,000 shares in the public market on Feb 2/15 at a price of $0.03, for a total of $150.

Sterling Resources Ltd. (OTCPK: SGURF)
Market Cap: $66.6M
Share Price: $0.175

Ingalls & Snyder, LLC bought 10,000 shares in the public market on Feb 10/15 at a price of $0.177, for a total of $1,770.

Strategic Oil and Gas Ltd. (OTCPK: SOGFF)
Market Cap: $75.9M
Share Price: $0.14

Insider Gurpreet Sawhney bought 33,000 shares in the public market on Feb 27/15 at a price of $0.145, for a total of $4,785.

Insider Michael Graham bought 90,500 shares in the public market on Feb 27/15 at a price of $0.11, for a total of $9,955.

Stonehaven Exploration Ltd. (GREY: CSTPD)
Market Cap: $6.25M
Share Price: $1.28

Insider Murray Scalf bought 1,000 shares in the public market on Feb 6/15 at a price of $1.4, for a total of $1,400.

Insider Robert Hamish Owen Todd bought 500 shares in the public market on Feb 4/15 at a price of $1.5, for a total of $750.

Insider Malcolm Frederick William Todd bought 2,400 shares in the public market throughout the month at an average price of $1.33, for a total of $3,192.

Storm Resources (GREY: OTCPK:SRMLF)
Market Cap: $512M
Share Price: $4.60

Insider Donald Galloway McLean bought 600 shares in the public market on Feb 5/15 at a price of $3.75, for a total of $2,250.

Suncor Energy (NYSE: SU)
Market Cap: $51.3B
Share Price: $35.54

Insider Steven Walter Williams sold 48,000 shares in the public market on Feb 13/15 at a price of $39.39, for a total of $1,890,720, after exercising options.

A total of 33,766 performance share units were exercised on Feb 19/15 by Eric Charles Axford for cash, at a price of $37.44.

A total of 46,176 performance share units were exercised on Feb 19/15 by Mark Stephen Little for cash, at a price of $37.44.

A total of 35,524 performance share units were exercised on Feb 19/15 by Michael Roderick MacSween for cash, at a price of $37.44.

A total of 21,304 performance share units were exercised on Feb 19/15 by Janice Odegaard for cash, at a price of $37.44.

A total of 33,297 performance share units were exercised on Feb 19/15 by Stephen David Lile Reynish for cash, at a price of $37.44.

A total of 130,676 performance share units were exercised on Feb 19/15 by Steven Walter Williams for cash, at a price of $37.44.

A total of 9,054 restricted share units were exercised on Feb 19/15 by Paul Douglas Gardner for cash, at a price of $35.90, and 17,788 performance share units for cash, at a price of $37.44.

A total of 9,054 restricted share units were exercised on Feb 19/15 by Kristopher Peter Smith for cash, at a price of $35.90, and 17,788 performance share units for cash, at a price of $37.44.

Sunshine Oil Sands Ltd. (GREY: SUNYF)
Market Cap: $150.3M
Share Price: $0.07

A total of 80,556 shares were purchased throughout the month on employee purchasing plans by various insiders.

Surge Energy (OTCPK: OTCPK:ZPTAF)
Market Cap: $642.5M
Share Price: $2.92

Insider Robert Allen Leach bought 44,144 shares in the public market on Feb 13/15 at a price of $3.33, for a total of $147,000.

Tamarack Valley Energy Ltd. (GREY: TNEYF)
Market Cap: $310.9M
Share Price: $3.99

GMT Capital Corp. bought 1,166,500 shares in the public market throughout the month at an average price of $3.161, for a total of $3,687,307.

Total Energy Services (GREY: TOTZF)
Market Cap: $418.5M
Share Price: $13.5

A total of 907 shares were purchased throughout the month on employee purchasing plans by Bradley John Macson.

Touchstone Exploration (OTCPK: PBEGD)
Market Cap: $24M
Share Price: $0.29

A total of 31,283 shares were purchased throughout the month on employee purchasing plans by various insiders.

Tourmaline Oil Corp. (OTCPK: OTCPK:TRMLF)
Market Cap: $7.48B
Share Price: $36.82

Insider Lee Allan Baker sold 2,000 shares in the public market on Feb 24/15 at a price of $40, for a total of $80,000, and 1,000 shares in the public market on Feb 9/15 at a price of $39.7, for a total of $39,700.

Insider Robert Yurkovich sold 72,000 shares in the public market on Feb 4/15 at a price of $38.02, for a total of $2,737,440, and 50,000 shares in the public market on Feb 3/15 at a price of $38.08, for a total of $1,904,000.

Traverse Energy Ltd. (GREY: TVETF)
Market Cap: $47M
Share Price: $0.68

Insider Robert Michael Libin bought 20,000 shares in the public market on Feb 4/15 at a price of $0.72, for a total of $14,400.

Insider David Henry Erickson bought 12,500 shares in the public market throughout the month at an average price of $.727, for a total of $9,090.

Insider Laurie James Smith bought 14,000 shares in the public market throughout the month at an average price of $.732, for a total of $10,245.

Tuscany Energy Ltd. (GREY: TSCAF)
Market Cap: $12.2M
Share Price: $0.24

A total of 100,000 shares were bought this month by the company with intent to cancel.

Insider Robert William Lamond bought 100,000 shares in the public market throughout the month at an average price of $0.215, for a total of $21,500.

Twin Butte Energy (OTCPK: OTC:TBTEF)
Market Cap: $295M
Share Price: $0.84

A total of 140,884 shares were purchased throughout the month on employee purchasing plans by various insiders.

Vital Energy Inc. (GREY: SNXYF)
Market Cap: $12.4M
Share Price: $0.16

Insider Jeffrey Lawrence Standen bought 78,000 shares in the public market throughout the month at an average price of $0.213, for a total of $16,614.

Western Energy Services Corp. (GREY: WEEEF)
Market Cap: $413M

Share Price: $5.52

A total of 2,026 shares were purchased throughout the month on employee purchasing plans by various insiders.

A total of 2,000 shares were bought this month by the company with intent to cancel.

Yangarra Resources (GREY: YGRAD)
Market Cap: $73.9M
Share Price: $1.28

Insider James Grant Evaskevich bought 50,000 shares in the public market on Feb 12/15 at a price of $1.1, for a total of $55,000.

Zargon Oil And Gas Ltd. (OTCPK: ZARFF)
Market Cap: $88M
Share Price: $2.91

A total of 4,509 shares were purchased throughout the month on employee purchasing plans by various insiders.

Zenith Energy Ltd. (GREY: CANIF)
Market Cap: $3.1M
Share Price: $0.13

Insider Andrea Cattaneo bought 60,000 shares in the public market on Feb 23/15 at a price of $0.13, for a total of $9,090.

Disclosure: The author is long ZARFF. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has 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.