The four insider buying stocks we identified a year ago have surged in price since, led by Trican Well Service (TSE:TCW)
SmallCapPower | October 10, 2017: Last year, we identified four stocks with significant insider buying, which can be a strong indication of a mismatch between the current trading price of a company and its intrinsic value. Today, we look at their individual performances. Overall, the group increased 72% with Trican Well Service leading the way, up over 200%, and Lithium Americas Corp. following, up 85%. Echelon Financial Holdings was the only company to lose ground, down 4%.
Trican Well Service Ltd (TSX: TCW) – $4.69
Oil Related Services and Equipment
Headquartered in Calgary, Alberta, Trican Well Service Ltd is an oil services company. The Company provides an array of specialized products, equipment, services and technology for oil drilling. Trican has operations across the globe in countries that include, Canada, the United States, Kazakhstan, Russia and Norway.
- Market Cap: $1,625 million
- Revenue (LTM): $479 million
- Price at Last Report Date: $1.53
- Overall Return (since April 18, 2016): 206%
Lithium Americas Corp (TSX: LAC) – $1.67
Specialty Mining & Metals
Lithium Americas Corporation is currently developing two lithium projects, which include the Cauchari-Olaroz project in Argentina and the Lithium Nevada project in the United States. The Company’s stock price has shot up 72% over the summer, following a continued rise in lithium prices and the agreement of a financing deal for the construction of its Cauchari-Olaroz project, funding it to production.
- Market Cap: $737 million
- Revenue (LTM): $4.7 million
- Price at Last Report Date: $0.90
- Overall Return (Since April 18, 2016): 85.5%
Surge Energy Inc (TSX: SGY) – $2.16
Oil & Gas Exploration and Production
Surge Energy is an oil-focused exploration and production company based in Canada. The Company has an inventory of more than 700 drilling locations spread over Western Canada. Surge has three major operational zones called Western Alberta, South Eastern Alberta and Shaunavon, which expect to produce 14,450 boe/d during 2017.
- Market Cap: $503 million
- Revenue (LTM): $193 million
- Price at Last Report Date: $2.18
- Overall Return (Since April 18, 2016): 0%
Echelon Financial Holdings Inc (TSX: EFH) – $13.56
Property & Casualty Insurance
Echelon Financial Holdings Inc., formerly EGI Financial Holdings Inc., is engaged in property and casualty insurance in Canada and Europe. The Company operates through two segments: Personal Lines and Commercial Lines businesses. Through its Personal Lines segment, the Company underwrites high premium, nonstandard automobile insurance. Through its Commercial Lines, the Company designs and underwrites specialized non-auto insurance programs, such as higher premium property, primary and excess liability, legal expense, creditor insurance and warranty coverage.
- Market Cap: $161 million
- Revenue (LTM): $195 million
- Price at Last Report Date: $14.08
- Overall Return (Since April 18, 2016): -3.7%
Disclosure: Neither the author nor any of the principals at SmallCapPower, or their family members, own shares in any of the companies mentioned above.
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