Latest news with #McCrea
Yahoo
4 days ago
- Business
- Yahoo
Insider buying of Canadian oil and gas stocks at 'some of highest levels we've seen' in 5 years: BMO
Insider stock buying among executives at Canadian oil and gas companies is near five-year highs, according to a BMO Capital Markets analyst who tallied up $54 million in open-market purchases in the 90 days since March 1. Canadian oil and gas stocks have been a rollercoaster ride for investors over the past three months. U.S. President Donald Trump's trade tariffs created unprecedented uncertainty for the industry, which relies on America as its top buyer of crude. At the same time, fears of a weaker economy due to global trade are weighing on forecasts for demand. BMO analyst Jeremy McCrea says $54 million in purchases over 90 days represents 'some of the highest levels we've seen over the past five years,' while demonstrating confidence for stocks at current prices. BMO says Canadian oil and gas company insiders purchased $12 million and $20 million worth of stock, respectively, in the same periods in 2024 and 2023. 'Although there are many reasons why insiders sell (tax implications, restricted stock units, etc.), there is one reason they buy,' McCrea wrote in a note to clients on Wednesday. 'That in turn should help build investor confidence, especially as it relates to investing alongside management, and ultimately, reassurance that there are no 'skeletons in the closet.'' He found the largest purchases by CEOs were from the top executives at PrairieSky Royalty ( Whitecap Resources ( and Tourmaline Oil ( 'The CEO of PrairieSky made one of his largest purchases within the sector, buying 72,000 shares or $1.68 million worth of stock at an average price of about $23.40 per share,' McCrea wrote. 'With the stock trading slightly below that price today, it grants investors the rare opportunity to come in alongside the CEO." According to BMO, Tourmaline CEO Mike Rose recently purchased about $2.21 million worth of his company's stock at an average price of about $63, and has been a regular buyer over the last several years. Whitecap CEO Grant B. Fagerheim reportedly added $1.34 million worth of his company's stock in the last week, following the close of the company's merger with Veren. 'This would also be one of the larger quarterly purchases made by Grant Fagerheim in his role as CEO of Whitecap,' McCrea wrote. Fagerheim has been CEO since 2009. In terms of total buying from insiders, BMO says Obsidian Energy ( ($16.8 million), Peyto Exploration & Development ( ($10.1 million), and Strathcona Resources ( ($7.2 million) were the top companies included in its analysis. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
Yahoo
4 days ago
- Entertainment
- Yahoo
Older LGBTQ+ adults share their stories of coming out after 50
From a 90-year-old man finding the courage to come out to a former Baptist preacher revealing his authentic identity at 53, journalist Charles M. Blow uncovered the touching stories of everyday Americans who are embracing their true selves later in life. Bestselling author and former New York Times columnist Blow, who came out as bisexual at 40, made this decision after he became a public figure. He revealed his sexual orientation in his 2014 memoir "Fire Shut Up in my Bones," which is about his life growing up in Louisiana. "Late to the Party: Coming Out Later in Life," airing Friday, June 6, at 8 p.m. ET on ABC and streaming the next day on Hulu, follows Blow as he explores the experiences of older adults who have come out as LGBTQ+ later in life. At book signings, people thanked him for his courage and told him they also came out in their 50s or older. Blow realized that it's a phenomenon that needed to be explored and discussed more to help reduce stigma and shame. "Coming out late in life, you are not alone. You are not defective," he said. "You are a different expression of humanity, and you are just fine just the way that you are." For Dennis Meredith, who's featured in the docu-special, coming out at 53 meant confronting his entire career as a Baptist preacher. MORE: Transgender service members say they face 'heartbreaking' decision amid Trump ban His journey began when his own son came out, leading him and his then-wife to study what the Bible really says about homosexuality. "But what holds all of us back? We're afraid," Meredith said. Christopher McCrea spent 29 years in the military, believing he would never be able to come out and keep his job. "The reality of it is it's not a closet; it's a coffin," McCrea said. "It's a place of death and sadness." McCrea's story reflects the impact of policies like the Pentagon's "don't ask, don't tell" policy, which was in effect from 1994 to 2011 and forced many service members to hide their sexual identities. MORE: Hegseth orders Navy to rename ship honoring gay rights activist Harvey Milk After the policy's repeal, McCrea found the courage to come out at 47, though the journey wasn't easy, especially with his children. His daughter Kacie mentioned she repressed her feelings about the situation and didn't want to be "another bleeding heart" for her parents to worry about while they were dealing with their own issues. Ken Feltz also featured in the docu-special, waited even longer to come out, having revealed his sexuality at 90 to his family. While writing his life story during COVID-19 isolation, Ken finally opened up about his first true love, Phillip, whom he left decades ago due to societal pressure. "Even holding hands in public would get you arrested. They had to cure you," Feltz said of the era when he first fell in love. In the 1950s, he said he fell in love with a woman and lived a different life. Despite this, he said he never forgot Phillip. "I just knew that I had missed out on the one thing in my life that probably was the best thing in my life," he said. MORE: Who makes up the LGBTQ+ community? A look at the growing population For Erica, who asked that ABC only use her first name, coming out at 52 meant having difficult conversations with her Catholic parents. Her 81-year-old mother, Judy, showed remarkable acceptance. "It's not my job to judge. I love you for you. I always have and always will," Judy said, "I'm here to just love my daughter unconditionally." The stories shared demonstrate that while coming out later in life presents unique challenges, it's never too late to embrace one's true identity. "There is a price that has been paid for who I get to be today, but who I am is exactly who I'm meant to be," Jaime Zavala, who came out at 45, said.
4 days ago
- Entertainment
Older LGBTQ+ adults share their stories of coming out after 50
From a 90-year-old man finding the courage to come out to a former Baptist preacher revealing his authentic identity at 53, journalist Charles M. Blow uncovered the touching stories of everyday Americans who are embracing their true selves later in life. Bestselling author and former New York Times columnist Blow, who came out as bisexual at 40, made this decision after he became a public figure. He revealed his sexual orientation in his 2014 memoir "Fire Shut Up in my Bones," which is about his life growing up in Louisiana. "Late to the Party: Coming Out Later in Life," airing Friday, June 6, at 8 p.m. ET on ABC and streaming the next day on Hulu, follows Blow as he explores the experiences of older adults who have come out as LGBTQ+ later in life. At book signings, people thanked him for his courage and told him they also came out in their 50s or older. Blow realized that it's a phenomenon that needed to be explored and discussed more to help reduce stigma and shame. "Coming out late in life, you are not alone. You are not defective," he said. "You are a different expression of humanity, and you are just fine just the way that you are." For Dennis Meredith, who's featured in the docu-special, coming out at 53 meant confronting his entire career as a Baptist preacher. His journey began when his own son came out, leading him and his then-wife to study what the Bible really says about homosexuality. "But what holds all of us back? We're afraid," Meredith said. Christopher McCrea spent 29 years in the military, believing he would never be able to come out and keep his job. "The reality of it is it's not a closet; it's a coffin," McCrea said. "It's a place of death and sadness." McCrea's story reflects the impact of policies like the Pentagon's "don't ask, don't tell" policy, which was in effect from 1994 to 2011 and forced many service members to hide their sexual identities. After the policy's repeal, McCrea found the courage to come out at 47, though the journey wasn't easy, especially with his children. His daughter Kacie mentioned she repressed her feelings about the situation and didn't want to be "another bleeding heart" for her parents to worry about while they were dealing with their own issues. Ken Feltz also featured in the docu-special, waited even longer to come out, having revealed his sexuality at 90 to his family. While writing his life story during COVID-19 isolation, Ken finally opened up about his first true love, Phillip, whom he left decades ago due to societal pressure. "Even holding hands in public would get you arrested. They had to cure you," Feltz said of the era when he first fell in love. In the 1950s, he said he fell in love with a woman and lived a different life. Despite this, he said he never forgot Phillip. "I just knew that I had missed out on the one thing in my life that probably was the best thing in my life," he said. For Erica, who asked that ABC only use her first name, coming out at 52 meant having difficult conversations with her Catholic parents. Her 81-year-old mother, Judy, showed remarkable acceptance. "It's not my job to judge. I love you for you. I always have and always will," Judy said, "I'm here to just love my daughter unconditionally." The stories shared demonstrate that while coming out later in life presents unique challenges, it's never too late to embrace one's true identity. "There is a price that has been paid for who I get to be today, but who I am is exactly who I'm meant to be," Jaime Zavala, who came out at 45, said.
Yahoo
5 days ago
- Business
- Yahoo
Insider buying of Canadian oil and gas stocks at 'some of highest levels we've seen' in 5 years: BMO
Insider stock buying among executives at Canadian oil and gas companies is near five-year highs, according to a BMO Capital Markets analyst who tallied up $54 million in open-market purchases in the 90 days since March 1. Canadian oil and gas stocks have been a rollercoaster ride for investors over the past three months. U.S. President Donald Trump's trade tariffs created unprecedented uncertainty for the industry, which relies on America as its top buyer of crude. At the same time, fears of a weaker economy due to global trade are weighing on forecasts for demand. BMO analyst Jeremy McCrea says $54 million in purchases over 90 days represents 'some of the highest levels we've seen over the past five years,' while demonstrating confidence for stocks at current prices. BMO says Canadian oil and gas company insiders purchased $12 million and $20 million worth of stock, respectively, in the same periods in 2024 and 2023. 'Although there are many reasons why insiders sell (tax implications, restricted stock units, etc.), there is one reason they buy,' McCrea wrote in a note to clients on Wednesday. 'That in turn should help build investor confidence, especially as it relates to investing alongside management, and ultimately, reassurance that there are no 'skeletons in the closet.'' He found the largest purchases by CEOs were from the top executives at PrairieSky Royalty ( Whitecap Resources ( and Tourmaline Oil ( 'The CEO of PrairieSky made one of his largest purchases within the sector, buying 72,000 shares or $1.68 million worth of stock at an average price of about $23.40 per share,' McCrea wrote. 'With the stock trading slightly below that price today, it grants investors the rare opportunity to come in alongside the CEO." According to BMO, Tourmaline CEO Mike Rose recently purchased about $2.21 million worth of his company's stock at an average price of about $63, and has been a regular buyer over the last several years. Whitecap CEO Grant B. Fagerheim reportedly added $1.34 million worth of his company's stock in the last week, following the close of the company's merger with Veren. 'This would also be one of the larger quarterly purchases made by Grant Fagerheim in his role as CEO of Whitecap,' McCrea wrote. Fagerheim has been CEO since 2009. In terms of total buying from insiders, BMO says Obsidian Energy ( ($16.8 million), Peyto Exploration & Development ( ($10.1 million), and Strathcona Resources ( ($7.2 million) were the top companies included in its analysis. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Insider purchases of Canadian oil and gas stocks amongst largest in 5 years: BMO
Insider stock buying among executives at Canadian oil and gas companies is near five-year highs, according to a BMO Capital Markets analyst who tallied up $54 million in open-market purchases in the 90 days since March 1. Canadian oil and gas stocks have been a rollercoaster ride for investors over the past three months. U.S. President Donald Trump's trade tariffs created unprecedented uncertainty for the industry, which relies on America as its top buyer of crude. At the same time, fears of a weaker economy due to global trade are weighing on forecasts for demand. BMO analyst Jeremy McCrea says $54 million in purchases over 90 days represents 'some of the highest levels we've seen over the past five years,' while demonstrating confidence for stocks at current prices. 'Although there are many reasons why insiders sell (tax implications, restricted stock units, etc.), there is one reason they buy,' McCrea wrote in a note to clients on Wednesday. 'That in turn should help build investor confidence, especially as it relates to investing alongside management, and ultimately, reassurance that there are no 'skeletons in the closet.'' He found the largest purchases by CEOs were from the top executives at PrairieSky Royalty ( Whitecap Resources ( and Tourmaline Oil ( 'The CEO of PrairieSky made one of his largest purchases within the sector, buying 72,000 shares or $1.68 million worth of stock at an average price of about $23.40 per share,' McCrea wrote. 'With the stock trading slightly below that price today, it grants investors the rare opportunity to come in alongside the CEO." According to BMO, Tourmaline CEO Mike Rose recently purchased about $2.21 million worth of his company's stock at an average price of about $63, and has been a regular buyer over the last several years. Whitecap CEO Grant B. Fagerheim reportedly added $1.34 million worth of his company's stock in the last week, following the close of the company's merger with Veren. 'This would also be one of the larger quarterly purchases made by Grant Fagerheim in his role as CEO of Whitecap,' McCrea wrote. Fagerheim has been CEO since 2009. In terms of total buying from insiders, BMO says Obsidian Energy ( ($16.8 million), Peyto Exploration & Development ( ($10.1 million), and Strathcona Resources ( ($7.2 million) were the top companies included in its analysis. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
