Tuesday, August 19, 2008

Insider buying in energy stocks.

I started looking at this yesterday. Among names that are seeing some buying:


It's nice to see insiders jumping in here, though sometimes they are a bit early. It looks like energy stocks may finally be finding a floor, after a solid month+ of a thorough thrashing.

Wall Street Journal: Oil, Gas Insiders Bet Energy-Stock Bull Is Primed to Resume Run.


Oil and gas insiders are betting big that the historic run-up in energy stocks isn't over.

Since energy stocks crested and retreated in early July, an unusually large number of directors, officers and large stakeholders have pumped money back into their own companies -- a sign, analysts say, that the boom is primed to resume.