Birchcliff Energy (BIR) has notable insider buying

Birchcliff Energy (T:BIR)

Updated Tuesday Feb 20, 2018 01:28 AM EDT
Christopher Andrew Carlsen, a Senior Officer, acquired 4,000 Common Shares on an indirect ownership basis for registered holder Scotia McLeod - Cash Account - Joint at a price of $3.060 through the public market on February 16th, 2018. This represents a $12,240 investment into the company's shares and an account share holdings change of 29.8%.

Bruno P. Geremia, CFO, acquired 4,000 Common Shares on an indirect ownership basis for registered holder Gundyco - CIBC Wood Gundy at prices ranging from $3.100 and $3.120 through the public market on February 16th, 2018. This represents a $12,440 investment into the company's shares and an account share holdings change of 2.6%.

James William Surbey, a Director, acquired 100,000 Common Shares on an indirect ownership basis for registered holder BMO Nesbitt Burns at a price of $3.123 through the public market on February 16th, 2018. The insider also acquired 20,000 Common Shares on an indirect ownership basis for registered holder HSBC Securities (Canada) Inc. at prices ranging from $3.050 and $3.050 through the public market on February 16th, 2018. This represents a $373,268 investment into the company's shares and an account share holdings change of greater than 100%.

Aaron Jeffery Tonken, CEO and Director, acquired 14,700 Common Shares on an indirect ownership basis for registered holder BMO Nesbitt Burns Inc. at a price of $3.100 through the public market on February 16th, 2018. This represents a $45,570 investment into the company's shares and an account share holdings change of 83.0%.

Birchcliff Energy Ltd. is an intermediate oil and natural gas company. The Company is engaged in the exploration for and the development, production and acquisition of petroleum and natural gas reserves in Western Canada. Its operations are concentrated within core area, the Peace River Arch, which is centered over 90 kilometers northwest of Grande Prairie, Alberta, adjacent to the Alberta/British Columbia border. It is focused on over two established resource plays within the Peace River Arch: the Montney/Doig Natural Gas Resource Play and the Charlie Lake Light Oil Resource Play. The Montney/Doig Natural Gas Resource Play contains over five producing regions, including Pouce Coupe, Pouce Coupe South, Progress, Gordondale and Elmworth. The Charlie Lake reservoirs consist of varying quantities of laminated and dolomitic, silty to fine-grained sandstones. It has over 60 horizontal wells utilizing multi-stage fracture stimulation technology.

Headlines: Feb 20, 2018

BIR Insider Holdings Chart

Issuer details as of Feb 20, 2018 1:28 ET

Latest Price
3.07
1 Day Change
-0.65%
52 Week High
8.17
52 Week Low
2.93
QMV ($Mils)
815,995,863


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