Equal Energy (EQU) Director Sells 64,660 Shares

Michael Edmond Doyle, a director of Equal Energy Ltd., sold 64,660 shares in Equal Energy Ltd (EQU).  The disposals took place at $5.43 per share, on July 31, 2014, and included both directly held, and indirectly held shares via his spouse, and CanPetro Internaional.

With the sale of shares, Doyle now holds zero shares of the company.

Equal Energy Ltd. (EQU) is an exploration and production company with oil and gas properties located principally in Alberta, and Oklahoma.

Equal Energy is a profitable company with a price to earnings ratio of 16.81.  EQU pays a quarterly dividend of 5 cents per share, with a current dividend yield of 3.67%.

It’s not immediately clear why the director has sold all his remaining shares in the company.

Equal-Energy EQU logo

For the full text of the SEC Form 4 filing you can read the details here.