Cwc Energy Services Corp
XTSX:CWC
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Cwc Energy Services Corp
Glance View
CWC Energy Services Corp. engages in the provision of contract drilling and well services. The company is headquartered in Calgary, Alberta and currently employs 516 full-time employees. The company went IPO on 2005-09-01. The firm operates through two segments: Contract Drilling and Production Services. The company operates its Contract Drilling segment in both Canada and the United States while its Production Services segment operates in Canada. The Contract Drilling segment provides drilling rigs and related ancillary equipment to oil and gas exploration and production companies. The company provides contract drilling through its CWC Ironhand Drilling division. The company operates in the Western Canadian Sedimentary Basin (WCSB). The Production Services segment provides well services to oil and gas exploration and production companies through the use of service rigs and swabbing rigs under the trade name CWC Well Services. The company operates approximately 143 service rigs. Its operational locations include Nisku, Grande Prairie, Slave Lake, Sylvan Lake, Drayton Valley, Lloydminster, Provost and Brooks, Alberta.
What is Insider Trading?
Insider trading refers to the buying or selling of a company’s stock by individuals with access to non-public, material information about the company.
While legal insider trading occurs when insiders follow disclosure rules, illegal insider trading involves trading based on confidential information and is prohibited by law.
Why is Insider Trading Important?
It isn't a coincidence that corporate executives seem to always buy at the right times. After all, they have access to every bit of company information you could ever want.
However, the fact that company executives have unique insights doesn't mean that individual investors are always left in the dark. Insider trading data is out there for all who want to use it.
Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.