Introduction

This page provides a comprehensive analysis of the known insider trading history of C/R Energy GP III, LLC. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

See the list of most profitable insider traders.

See Highest Ranking Insiders
Companies with Reported Insider Positions

The SEC filings indicate C/R Energy GP III, LLC has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:US87422LAM28 / Talen Energy Supply, LLC 2019 Term Loan B 10% Owner 16,325,235
US:CIE / Cobalt International Energy, Inc. 10% Owner 20,893,726
US:NKA / Niska Gas Storage Partners LLC Director, 10% Owner 0
US:KMI / Kinder Morgan, Inc. 10% Owner 151,500
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by C/R Energy GP III, LLC. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Trading History

This table shows the complete list of insider trades made by C/R Energy GP III, LLC as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2015-06-12 3/A TLN Talen Energy Corp
Common Stock 		16,325,235
2015-06-11 3 TLN Talen Energy Corp
Common Stock 		32,650,470
2015-06-11 3 TLN Talen Energy Corp
Common Stock 		32,650,470
2015-06-11 3 TLN Talen Energy Corp
Common Stock 		32,650,470
2015-06-11 3 TLN Talen Energy Corp
Common Stock 		32,650,470
2013-05-14 2013-05-10 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -9,049,997 20,893,726 -30.22 26.62 -240,910,920 556,190,986
2013-05-14 2013-05-10 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -6,033,331 13,929,152 -30.22 26.62 -160,607,271 370,794,026
2013-04-04 2013-04-02 4 NKA Niska Gas Storage Partners LLC
Subordinated Units 		D - Sale to Issuer -33,804,745 0 -100.00
2013-01-23 2013-01-18 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -7,829,730 29,943,723 -20.73 25.00 -195,743,250 748,593,075
2013-01-23 2013-01-18 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -5,219,820 19,962,483 -20.73 25.00 -130,495,500 499,062,075
2012-03-02 2012-02-29 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -7,144,337 37,773,453 -15.91 27.16 -194,040,193 1,025,926,983
2012-03-02 2012-02-29 4 CIE Cobalt International Energy, Inc.
Common Stock 		S - Sale -4,762,891 25,182,303 -15.91 27.16 -129,360,120 683,951,349
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -24,540 151,500 -13.94
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -115,232 711,382 -13.94
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -2,805,269 17,318,221 -13.94
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -4,150,546 25,623,240 -13.94
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -1,205,504 7,442,137 -13.94
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -24,489 0 -100.00 25.35 -620,796
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 24,489 24,489
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -114,992 0 -100.00 25.35 -2,915,047
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 114,992 114,992
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -2,799,420 0 -100.00 25.35 -70,965,297
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 2,799,420 2,799,420
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -4,141,892 0 -100.00 25.35 -104,996,962
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 4,141,892 4,141,892
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -1,202,991 0 -100.00 25.35 -30,495,822
2011-12-12 2011-12-09 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 1,202,991 1,202,991
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -56,979 176,040 -24.45
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -267,551 826,614 -24.45
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -6,513,388 20,123,489 -24.45
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -9,636,908 29,773,786 -24.45
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class A Common Stock, Series A-5 		C - Conversion -2,798,990 8,647,643 -24.45
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -56,979 0 -100.00 29.10 -1,658,089
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -267,551 0 -100.00 29.10 -7,785,734
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -6,513,388 0 -100.00 29.10 -189,539,591
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -9,636,908 0 -100.00 29.10 -280,434,023
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		S - Sale -2,798,990 0 -100.00 29.10 -81,450,609
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 56,979 56,979
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 267,551 267,551
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 6,513,388 6,513,388
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 9,636,908 9,636,908
2011-02-18 2011-02-16 4 KMI KINDER MORGAN, INC.
Class P Common Stock 		C - Conversion 2,798,990 2,798,990
2009-12-16 3 CIE Cobalt International Energy, Inc.
Common Stock 		44,917,790
2009-12-16 3 CIE Cobalt International Energy, Inc.
Common Stock 		29,945,194
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)