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Morning Report: Nutrien insider bought the summer pullback

September 14, 2026

Canada's morning overview of insider filings with a special focus on companies that may interest active and momentum-oriented investors.

Canadian Company Insider Filing Tally* - Yesterday
Tally Chart
The bar chart shows that yesterday, 39 companies had insider buy filings and 22 companies had insider sell filings.
INK Market-Wide Sentiment Indicator*
The above INK Market-Wide Sentiment Indicator chart shows the indicator starting on September 15, 2025 at 148% and ending on September 11, 2026 at 149%. In that time period, the indicator reached a high of 216% on August 6, 2026 and a low of 119% on March 3, 2026.
INK Market-Wide Sentiment Indicator: 149.4%
INK Sentiment Reading: Fair-Valued
INK Venture Sentiment Reading: Undervalued
*Filing Tally represents Toronto Stock Exchange and Venture companies with public-market transaction SEDI filings of directly-owned equity securities. Indicators represent companies with buy-only transactions divided by companies with sell-only transactions of direct ownership equity securities in the public-market by officers and directors (exclusive of officers and directors of subsidiaries or insiders) filed over the last 60 days. The chart line shows insider sentiment trends by connecting the historic indicator daily readings going back one year. See our market report for commentary on indicator readings.

Overview:Sentiment and Stocks

When we last highlighted Nutrien (NTR) on June 3rd, we reported that insiders were buying as the stock traded below $100. That behaviour continued throughout the summer. Notably, CFO Mark Thompson bought after the stock pulled back following Q2 results. Diluted net earnings came in at US$2.53 per share, up US$0.03 per share from Q2 2025. However, cash provided by operating activities (CPOA) fell 2% to US$2.48 billion versus US$2.54 billion in the comparable period. Management indicated that cash flow dropped due to lower fertilizer volumes and higher sulphur costs, which more than offset higher global fertilizer prices.

Any commodity bull market is characterized by volatility, which can easily shake out investors who are fearful that a top has been established. This is where insider activity can help. When they are buying or holding through pullbacks, such as the case of Nutrien over the summer, their actions can help reinforce conviction that the bull market remains intact. Nutrien insider buying is also taking place as the six-month CPOA numbers rise. The first-half numbers, including the seasonally weaker Q1 period, came in at US$1.63 billion, up 12% from US$1.46 billion as global fertilizer prices, Retail segment sales, and Potash prices all rose. In its Q2 release, Nutrien said, "Global potash markets remain constructive due to favorable affordability, healthy demand in all major global markets and stable supply relative to other commodities. We have maintained our forecast for global potash shipments of 74 to 77 million tonnes in 2026 as projected shipment levels are expected to be consistent with consumption." The company also noted the geopolitical and weather risks. On balance, it is encouraging that insider behaviour is consistent with this outlook.

Today's Charts

Nutrien Ltd. (NTR)

Price Chart for Nutrien Ltd. (NTR) showing insider filings (summarized below)
Chart reflects public-market and option-exercise transactions of common shares (unit trusts) by company officers and directors. USD transactions are converted to Canadian dollars by us using the Bank of Canada noon rate on the transaction date.
From June 9th to August 18th, Nutrien (NTR) Executive Vice President & CFO Mark Thompson bought a total of 1,090 common shares in the public market at an average price of $91.04. Mr. Thompson is the third-largest beneficial insider equity holder at the company with 37,910 shares.

In addition, from June 26th to August 7th, Executive Vice President of External Affairs, Chief Legal Officer, & Corporate Secretary Noralee Bradley bought a total of 1,045 common shares in the public market at an average price of $87.86. Ms. Bradley is the fourth-largest beneficial insider equity holder at the company with 18,182 shares.

Finally, from June 3rd to August 31st, Nutrien bought back a total of 3,096,220 common shares at an average reported price of $93.83 (not shown on chart). Nutrien has an estimated trailing 12-month buyback yield of 1.8%.

Nutrien currently holds a sunny INK Edge outlook on the equally weighted V.I.P. criteria of valuations, insider commitment, and price momentum which places it in the top 10% of all stocks ranked.

INK outlook categories are designed to identify groups of stocks that have the potential to out or underperform the market. However, any individual stock could surprise on the up or downside. As such, outlook categories are not meant to be stock-specific recommendations.

For background on our INK Edge outlook, please visit our FAQ #3 at inkresearch.com.

Follow @INKResearch on Twitter/X, our INK Research YouTube channel, or our LinkedIn page.

Top-10 Tables: Yesterday's Activities

Tables represent public market transactions of directly held equity securities plus purchases and sales of these securities from the exercise of options by company officers and directors filed on or after September 14, 2026. Transactions filed on Saturday and Sunday are aggregated into Friday's number. INK may adjust certain filings for common filing errors on a reasonable efforts basis.

M - Public Market transaction
O - Exercise of Options
Top 10 Net "CO2" Buying
(By dollar amount, 000's)
TypeCompany Name$ Value
M Cdn Apartment Properties (CAR)
$973.7
M Tourmaline Oil (TOU)
$307.3
O Alimentation Couche-Tard (ATD)
$200.5
M Li-FT Power (LIFT)
$63.0
M Apollo Silver (APGO)
$26.5
M New Zealand Energy (NZ)
$16.0
M Edge Copper (EDCU)
$14.8
M Comet Lithium (CLIC)
$13.3
M Atlas Salt (SALT)
$11.4
M Great Atlantic Res (GR)
$5.6
Top 10 Net "CO2" Selling
(By dollar amount, 000's)
TypeCompany Name$ Value
M InPlay Oil (IPO)
$-403.6
M Aftermath Silver (AAG)
$-122.8
M Arch Biopartners (ARCH)
$-5.1
M Seasif Exploration (SAF)
$-2.5
M Surge Digital (SRGE)
$0.2
M ONEnergy (OEG)
$0.3
M Puma Exploration (PUMA)
$0.3
M Frequency Exchange (FREQ)
$0.8
M Geodrill (GEO)
$2.7
M Grizzly Discoveries (GZD)
$3.6
"CO2" may included Board chairs, CEOs, Presidents, CFOs, Treasurers, and Controllers of companies. See data description above
Top 10 Net Insider Buying
(By dollar amount, 000's)
TypeCompany Name$ Value
M Cdn Apartment Properties (CAR)
$973.7
M Tourmaline Oil (TOU)
$307.3
O Alimentation Couche-Tard (ATD)
$200.5
MO Regulus Resources (REG)
$101.3
M TDG Gold (TDG)
$100.8
M Galiano Gold (GAU)
$90.8
M Northcliff Resources (NCF)
$69.2
M Li-FT Power (LIFT)
$63.0
M RB Global (RBA)
$55.9
M Greenbriar Sustnbl Living (GRB)
$35.7
Top 10 Net Insider Selling
(By dollar amount, 000's)
TypeCompany Name$ Value
M CES Energy Solutions (CEU)
$-1,503.1
M InPlay Oil (IPO)
$-713.7
M Rubellite Energy (RBY)
$-324.1
M Omai Gold Mines (OMG)
$-270.3
M Talisker Resources (TSK)
$-252.0
M Aftermath Silver (AAG)
$-141.7
M Marimaca Copper (MARI)
$-140.1
M Allied Gold (AAUC)
$-109.1
M Xanadu Quantum Tech. (XNDU)
$-81.3
M BioSyent (RX)
$-39.1
Top 10 Net Insider Buying
(By volume, 000's)
TypeCompany NameVolume
M Avicanna (AVCN)
233.0
M TDG Gold (TDG)
210.0
O Morocco Strategic Mineral (MCC)
200.0
M Northcliff Resources (NCF)
177.5
M Nortec Minerals (NVT)
133.9
MO Regulus Resources (REG)
113.7
M Great Atlantic Res (GR)
75.0
M Lightning Resource (LTNG)
70.0
M Grizzly Discoveries (GZD)
60.0
M Greenbriar Sustnbl Living (GRB)
53.0
Top 10 Net Insider Selling
(By volume, 000's)
TypeCompany Name$ Volume
M Seasif Exploration (SAF)
-500.0
M Aftermath Silver (AAG)
-193.3
M Talisker Resources (TSK)
-158.5
M Omai Gold Mines (OMG)
-100.0
M CES Energy Solutions (CEU)
-78.7
M Rubellite Energy (RBY)
-73.7
M InPlay Oil (IPO)
-39.9
M McFarlane Lake Mining (MLM)
-35.5
M Marimaca Copper (MARI)
-15.4
M Cresco Labs (CL)
-15.0
M - Public Market transaction
O - Exercise of Options
I - Information that has been adjusted or estimated by INK
A - Amended filing
ceo buy - CEO Buy
cfo buy - CFO Buy
officer buy - Officer Buy
director buy - Director Buy
ceo sell - CEO Sell
cfo sell - CFO Sell
officer sell - Officer Sell
director sell - Director Sell

Yesterday's Top 10 Individual Buy Filings

(By volume)
Company Name Insider Name Security
Unit/Share
Price
Avicanna (AVCN)
DIRECTOR buy
Kilic, Ozgur
M
Common Shares
233,000
0.11
TDG Gold (TDG)
DIRECTOR buy
Kosowan, Michael
M
Common Shares
210,000
0.48
Morocco Strategic Mineral (MCC)
DIRECTOR buy
Vallée, Hubert
O
Common Shares
200,000
0.10
Northcliff Resources (NCF)
DIRECTOR buy
Cousens, Scott Dibblee
M
Common Shares
177,500
0.39
Regulus Resources (REG)
DIRECTOR buy
McClelland, Michael Shawn
O
Common Shares
113,725
0.89
Southern Silver Expl Corp (SSV)
OFFICER buy
Oness, John
O
Common Shares
100,000
0.31
Nortec Minerals (NVT)
CEO buy
Hrkac, Ryan
M
Common Shares
91,426
0.04
Great Atlantic Res (GR)
CEO buy
Anderson, Christopher Ross
M
Common Shares
75,000
0.08
Lightning Resource (LTNG)
OFFICER buy
Carpenter, Robert Leslie
M
Common Shares
70,000
0.40
Grizzly Discoveries (GZD)
CFO buy
Strautman, Jeremy Scott
M
Common Shares
60,000
0.06

Yesterday's Top 10 Individual Sell Filings

(By volume)
Company Name Insider Name Security
Unit/Share
Price
Seasif Exploration (SAF)
CEO sell
Capponi, Fabio
M
Common Shares
-500,000
0.01
Talisker Resources (TSK)
OFFICER sell
Castaneda, Felipe
M
Common Shares
-128,800
1.59
Aftermath Silver (AAG)
CEO sell
Rushton, Ralph
M
Common Shares
-116,666
0.74
CES Energy Solutions (CEU)
DIRECTOR sell
Hooks, John Michael
M
Common Shares
-78,700
19.10
Rubellite Energy (RBY)
OFFICER sell
Green, Jeff
M
Common Shares
-73,664
4.40
Southern Silver Expl Corp (SSV)
OFFICER sell
Oness, John
M
Common Shares
-70,000
0.65
Omai Gold Mines (OMG)
OFFICER sell
Brewster, Jason Allen Ross
M
Common Shares
-54,600
2.73
Aftermath Silver (AAG)
CEO sell
Rushton, Ralph
M
Common Shares
-50,000
0.73
Omai Gold Mines (OMG)
OFFICER sell
Brewster, Jason Allen Ross
M
Common Shares
-45,400
2.67
McFarlane Lake Mining (MLM)
DIRECTOR sell
Battiston, Deborah
M
Common Shares
-35,500
0.57

Disclaimer:

User agrees to only use information contained in this report for the purposes as set out in section 6.2 of COMPANION POLICY 55-102CP TO NATIONAL INSTRUMENT 55-102 of the Canadian Securities Administrators and to comply with all privacy laws. INK provides general information. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be inadvertent and occasional errors. INK makes no guarantee of accuracy or completeness. Insider transaction filings are from SEDI®; SEDI® is a registered trade-mark owned by the Alberta Securities Commission. All information and opinion expressed herein is subject to change without notice. INK employees may have an ownership or investment interest in any stock mentioned in this report. Copyright © INK Research Corp. All rights reserved.