Insider Buying Week 8-11-23 and the Summer Doldrums
We are not surprised by the momentum of the oil and gas sector, as it was only a matter of time before its strong fundamentals collided with short sellers and skeptical money managers. We wrote last week about the strong signals from Exxon’s latest quarterly earnings. Activist Exxon board member Jerry Ubben’s purchase of Exxon may have been the biggest act of his illustrious career. CEO Darren Woods is transforming Exxon into a juggernaut of earnings AND the undisputed heavyweight of both hydrocarbons, renewables, and carbon capture. Its stands to dominate all. According to Woods, there is no reason for … Read more