Posted on 04/24/2015 10:58:04 AM PDT by Opintel
Oil executives have been making headlines recently, due to large purchases of their own company’s stock. In fact, insider buying in the oil industry is higher than any other industry, except the machinery industry.
Who’s buying?
Major insider purchases for the month of March were made by Kinder Morgan (NYSE: KMI) and Diamond Offshore Drilling (NYSE: DO). Diamond Offshore Drilling’s CEO, Corp Loews, purchased 685,373 shares on the open market, and Rich Kinder, CEO of Kinder Morgan, purchased 100,000 shares of Kinder Morgan.
In March, Rich Kinder and Corp Loews weren’t the only executives buying company stock. The Director of Marathon Petroleum (NYSE: MPC), purchased 3,500 shares of company stock. And Tallgrass Energy Partners (NYSE: TEP) CEO David Dehaemers, has also purchased 5,152 shares of company stock.
(Excerpt) Read more at oilprice.com ...
And how much stock do you own in “oilprice.com?”
0,0% since I am just a fan of their articles ;-)
Good FR etiquette - post them in full.
You don’t need to excerpt.
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