Oil Price Volatility Quieted Insider Trading in Energy Industry

July 1, 2011 - PRLog -- Earlier this week, New York Time published stories questioning the economic viability of the US shale gas development. Most energy analysts expect conventional oil output, such as liquid oil derived from fields and deep sea water, to reach production peak in a few years. Thus the demand-supply relationship will become a critical factor to affect future crude oil price and companies in the energy industry.

Insider buy ratio in the energy industry rose slightly from 32% to 35%. It is largely due to the further decline of number of net sellers, which decreased from 77 to 49. In the last 4 weeks, number of net buyers also decreased from 37 to 26 and number of companies filing insider trade also went down for 2 consecutive months. Oil price fell below 90 dollar per barrel and recovered from the last 2 trading days due to the ease of Greek debt crisis. For more data and analysis about insider trading, please visit http://www.insiderslab.com/media/mediaRoom.php/

Oasis Petroleum Inc.  Lou Michael H, senior vice president of Oasis Petroleum, sold 20,000 shares at $26.68 on June 20, which reduced his total shareholdings in the company by 7%. Newton H Brett, another senior vice president, sold 65,000 shares at $27.48 on June 22 and lowered his shareholdings by 11%. The stock hit a 4-week high of $30.64 and was closed at $29.44 on June 29. Read (OAS) insider trading report at http://www.insiderslab.com/Notable/OAS/  

CARBO Ceramics Inc.  Morris William C, director and major shareholder of CARBO, sold 27,200 shares at $149.93 on June 2. He also sold 69,400 shares at $151.13 on June 1 and had reduced his total shareholdings in the company by 3%.Since May 17, up to date Morris sold over 200,000 shares and his shareholding was lowered by 15%. The stock had a 4-week high of $163.46 and was closed at $160.70 on June 29. Read (CRR) insider trading report at  http://www.insiderslab.com/Notable/CRR/  

NuStar Energy L.P.   Hill Dan J, director of NuStar, purchased 1,000 company shares at $62.16 on June 20, which increased his shareholding by 9%. Greehey William E, another director of NuStar, purchased 3,200 shares at $62.98 on June 6. Since May 10, Greehey had increased his shareholding in the company by 12%. T   he stock hit a 4-week high of $65.19 and was closed at $65.14 on June 29. Read (NS) insider trading report at  http://www.insiderslab.com/Notable/NS/

Report Editor: Tim Fang in Vancouver at tim@insiderslab.com

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