OXY

Insider Buying 02-14-25 Buyers Coming Back as Blackout Abates and Uncertainty Rocks Stocks

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As Q4 earnings announcements start to wind down, we would expect to see a pickup in insider activity. We are seeing that, particularly in sectors that have sold off in anticipation of possible Trump regulatory changes that would make business more challenging and potentially less profitable. Of course, no one really knows for certain about any of this as Trump has shown a great propensity to say one thing and actually do another.  He may be bluffing, posturing or may change his mind. It’s very unpredictable but you have to assume when insiders buy into this, they are considering this, … Read more

Insider Buying Week 06-28-24 The Emperor has no Clothes

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In addition to the lack of insider buying, there was a Presidential debate last week between a sitting President with a blank stare and an ex-President who has shown us he will stop at nothing to stay President. Somehow, the stock market doesn’t care. Name: Oscar Munoz Position: Director Transaction Date: 2023-06-21 Shares Bought: 2,051 Average Price Paid: $243.69 Cost: $499,806 Company: Salesforce Inc. (CRM) Salesforce, Inc. was established in 1999 and is based in San Francisco, California. Salesforce, Inc. develops Customer Relationship Management technology that connects businesses and customers globally. The company’s services include sales, which stores data; monitors … Read more

Insider Buying Week 06-21-24

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It’s that familiar time of year again when insiders are blocked from transacting in their own stock due to pending 2nd quarter earnings. At least two of the notable buys were stocks The Insiders Fund is already pretty heavily invested in: Exxon and Biohaven. So, at least, the research toll on me will be minimal as I’ve spent this blistering weekend supervising a landscape project at my house. That’s the featured image if you’re wondering what that has to do with stocks. It doesn’t.   Name: Maria S. Dreyfus Position: Director Transaction Date: 2023-06-17 Shares Bought: 18,310 Average Price Paid: … Read more

Fathers Day Insider Buying Week 06-14-24

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The post took a backseat to Father’s Day last week. Looking closely, you can see me with DJI FPV goggles next to my son at Tunnel Park. In the background, the sun sets over Antelope Island in the Great Salt Lake. Considering the quarter end and recurring blackout period, there was an unusual amount of insider buying.  I will update the rest of the entries, so check back later in the week for more. You can be an insider, too– by clicking here   Name: Michael L Speiser Position: Director Transaction Date: 2023-06-07 Shares Bought: 76,200 Average Price Paid: $131.09 … Read more

Insider Buying Week 02-09-24 Is it the Super Bowl or the Ripping AI Bandwagon?

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Finally, there is some work to do in analyzing insider buying. It’s not much, but it’s better than the last three weeks of nonexistent purchases.  Still, the lazy move, and perhaps the best move, is to get on the AI bandwagon with the companies that have proven they can monetize Now.   The popular wisdom is that the stock market looks forward six months or so, but the reality is quite different. Earnings season is the proof of it. Companies that miss revenues and earnings expectations are punished with swift declines in share value. Those that significantly surpass expectations experience hefty, … Read more

Insider Buying Week 12-15-23 Glad to See some Big Names and Big Dollars Returning to the Insider Buying Game

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While some stocks like the Magnificent Seven have had a phenomenal comeback year, many, many companies are depressed in value. We have no shortage of compelling investment ideas, but getting people to invest when values are low is the opposite of human nature. Paying particular attention to significant insider buying is one way to force that discipline on yourself. When not painting the tape or participating in required corporate ownership requirements, insiders are historically value buyers.  This week, we highlight what we think are notable buys. Although we pay attention to selling, we don’t write about this far more nuanced … Read more

‘s Wrong with this Market? Insider Buying Week 10-27-23

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$OXYLast week, I had two conversations with astute market watchers, one a long-time successful UBS financial wealth manager and the other, a close personal friend who bought the second charity lunch with the Oracle of Omaha.  He is a lifelong fan of Warren Buffet and a long-time investor in Berkshire Hathaway.  I presented them both with the same market fact- that over the last 40 years, ~40% of the overall return of the S&P 500 has been from dividends. I asked them both the same question and got nearly identical answers. What do you think the dividend yield of the … Read more

Federal Reserve Chairman Powell is a Dangerous man

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I wrote to clients in the February update that  Federal Reserve Chairman Powell is a dangerous fellow.  Last week he proved that causing a run on the banking system.  Ironically if the creation of a new Bank Term Funding Program (BTFP)had been in place the week before, Silicon Valley Bank might have avoided failure and bankruptcy. Powell’s rapid hike in interest rates as a cure for the supply-side inflation shock is likely to be as successful as the ancient but now discredited medical practice of bleeding the patient. If Powell was the CEO of a public company, activist shareholders would … Read more

One way this is not like 2008, Insiders are NOT Buying -Insider Buying Week 3-10-23

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This is LIKE 2008, contrary to what you may have heard about the recent Silicon Valley Bank failure.   Banks either don’t want to pay competitive deposit rates or can’t.  Competing with Fed Chairman Powel’s ~5%  treasuries is hard. Actually no banks can compete with it. Vast sums are being withdrawn from the banking system. Ironically the stock market is on the only place you will be able to compete with the yield crisis that the Fed is precipitating.  Many solid companies are paying good dividends with the likely prospect of raising them.  So tell me, how is this not like … Read more

Insider Buying Week 8-12-22 Full on Stampede to Buy Stocks

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The S&P 500  has been on a tear.  It tacked on another 3% on top of last week’s, 4% gain. There was almost nothing that went down. Last Friday it was hard to find something that was not green on your screen. Check out Finviz’s Map of the Market below. It was a full-on stampede to buy stocks. Apple is approaching its all-time high. The money on the sidelines is pouring in. Slightly better CPI prints were the trigger, but inflation is not so easily tamed. For starters, don’t expect much help from lower energy prices. I just attended Denver … Read more

Insider Buying Week 7-22-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. I sound like a broken record. The market seems like it’s stabilizing, up over 2% last week.  Behind the scenes, the war in Europe is the 800-pound gorilla. Is the grain deal Turkey brokered in negotiation with Russia and Ukraine the beginning of the end? Interest rates have stopped rising despite all the tough talk from the Fed. We’ll see this week if they have the stomach for a full point increase in the  Fed’s funds rate or will they wimp … Read more

Insider Buying Week 7-15-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The market seems like it’s stabilizing, although, behind the scenes, the war in Europe is the 800-pound gorilla threatening to take a turn for the worse. Interest rates have stopped rising in spite of all the tough talk from the Fed. At least the long part of the yield curve is stable, although many economists and market pundits say that’s because the curve is inverting, sending classic recessionary signals. There’s no question that consumers are slowing down their spending binge but … Read more

Insider Buying Week 7-8-22

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  Curious how well insiders are doing with their buys? Scroll through the significant buys of the last year. The market retraced some of last months loss, the S&P 500 rallying a little over 2.6% in front of the wave of upcoming quarterly earnings reports. The Fed minutes from last month were released and the long end of the yield lost some of its recent rally. I still believe we’ve seen the bottom in long term bonds for the Summer as the specter of recession gets worse with plunging consumer confidence.  West Texas crude made an attempt at stabilizing around … Read more

Insider Buying Week 4-1-22 Beaten Down Biotech Enough is Enough

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  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year.   We are fully in the nether world of earnings blackout.  It’s difficult anytime to discern the mood of corporate America but the period thirty days prior to and one day after quarterly earnings release are deliberately void of any communication about the health of a public company’s business. It’s the blackout period. Not as sexy as a black hole but nonetheless filled with mischieve and potential danger. I’ve asked my friend Dan Taylor of Wharton Forensics Lab and Frank from SECForm4.com … Read more

Insider Buying Week 3-11-22

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Curious how well insiders are doing with their buys?  Scroll the significant buys of the last year. And what to do about the Russian Ukraine war. It will get worse and it will drag China into an ever-deepening conflict with the West and Democratic regimes. The declaration of mutual support that Russia and China published in a 5000-word memorandum entitled Joint Statement of the Russian Federation and the People’s Republic of China on the International Relations Entering a New Era and the Global Sustainable Development was reminiscent of the Axis power alignment with Germany and Japan at the onset of WWII. If we’re headed to WWW3 is that a reason … Read more

More Insiders are Buying but the Selling is Relentless 3-4-22

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  Curious how well insiders are doing with their buys? Scroll the significant buys of the last year. All bear markets end in a crescendo, literally an explosion of insider buying.  I believe we are in a classic bear market.  The signposts are obvious.  Beat and raise quarters are met with yawns if not outright sell-offs. Good news is met with brief bouts of buying but soon dissipates into the underlying negative downward trend.  Of course, there are always stocks that work even in a bear market but it is much harder making money on the long side than it … Read more

Insider Buying picks up Last Week- 57 Buys in 41 Different Companies

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For trade, details click on this link to the trades.  Wow- Insiders are coming back with a vengeance. The S&P was up 0.71% for the week ending the week with new highs on the S&P 500, the Dow, and the QQQ indices. Insiders returned to the playing field with an average return of 2.67% for the week, easily beating the market.  In this blog post, we analyze, 57 insider buys in about 41 different companies. Now you know what I didn’t do with my weekend.  We highlight the insider purchases that stood out, mostly over $200k and personal money, not … Read more

Notable Insider Buying Week Ending Nov. 22, 2019

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Please read the last paragraph before you invest.   Following insiders, although childishly simple and obvious of an idea, is fraught with danger.  You can lose money.  There are a lot of nuances to interpreting. For example, the significance of a billionaire buying $300,000 worth of stock is like the average person tippling the valet $5. It doesn’t mean much.  We try to grab the essence of an interesting buy with as few words as possible. Why does Aramark CEO buy $1.49 million of stock at $42.68? Perhaps he is jealous of seeing his Chairman of the Board make $1,000,000, 30% … Read more

Insider Buying Week Ending November 15, 2019

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As the earnings blackout period ends, there are a ton of interesting insider buys. We are going to analyze ALL of them that seem interesting, particularly the ones that look like they may have a good chart setup for profitable trades. Read on and find out what insiders are investing in. Hope springs in the oil patch.  Antero Resources Corp Director bought 178,000 shares at $2.79 for $496k substantially increasing his holdings by 266%.  Just about all the E&P companies are making new lows and I’d prefer to buy OXY with its outsized dividend. The irony here is that the … Read more

Earnings Blackout or Insiders Backing Off? Roller Coast Week of October 4, 2019

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  The spike in insider buying that supported the brief rally in September has predictably collapsed in part because earnings blackout has begun, but equally important insiders buy their own company’s stock when they perceive it to be cheap.  There was a pickup in buying during the summer as the market stalled and pulled back. Note the yellow highlight on the red graph. Ulta Beauty’s major shareholder and Channel family advisor, Charles Heibroon bought $58.9 million of the beauty chain company, Ulta Beauty.  Ulta took a dump on August 30th, dropping $100 in price, losing almost a third of its … Read more

Notable Insider Buys Week of 8-23-19 as Trump Tweets Scare Investors

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We are throwing out AESE as this wasn’t filed correctly and upon further review, it was deemed not to be an open market purchase Fossil Group insiders bought $2.2 million worth of this watch and teen wear company. FOSL group is in a race down the down staircase with decreasing revenues and decreasing SGA. Change Health Care is McKesson’s giant conglomerate of health tech companies recently gone public with Blackstone as their private equity investors. I haven’t had good luck with private equity IPOs, saddled with debt and selling institutional investors. This one doesn’t have any long term debt but it … Read more

Insiders Put the Petal to the Metal as Animal Spirits Show Signs of Life

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Animal spirits are picking up.  This is the most buying we’ve seen since the market sell-off last December. One thing for sure, Insiders buy stocks when they think they are cheap.  Highlights are: Several insiders bought GE stock immediately prior to and immediately after Harry Markapolis’s interview on CNBC where he alleged fraud. Axogen Chairman bought $1 million worth of stock after the company she leads plunged 30% on weaker earnings forecast Outdoor billboard leader, Clear Channel newly appointed Chairman bought $913k at $2.28 per share.  CCO is loaded with debt. Three CIT insiders took advantage of low prices to … Read more

‘s Getting Interesting- Insider Buying Picks Up Week Ending 8-9-19

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After weeks of dull action, insider buying has finally picked up. Part of it is the end of 2nd Quarter earnings blackout and part of it is the market sell-off.  The highlights: Charlie Egren, the founder of Dish, is making a massive bet on 5G, buying assets in the pending TMobile Sprint network and committing billions to buy more bandwidth.  Its a bet the farm expensive gamble on a player late to the game.  But if the competing networks are slow in getting 5G rolled out, Dish might be able to lumber in and get a piece of the future … Read more

Occidental Petroleum Insiders Say Enough is Enough- Our Stock is too Cheap to Ignore

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Insider Buying Week Ending June 14, 2019 Occidental Petroleum insiders say enough is enough, quit trashing our stock by collectively buying over $4 million worth in the open market. Oil stocks are big underperformers but ever since Oxy announced the purchase of Anadarko, the stock has been in free fall. American Asset Trust insiders buying at new highs and continue to get rewarded at this diversified REIT. REMAX founder and once barred insider Linder returns with a vengeance scooping up another $2.9 million adding to his buys from last week. Guess CEO increases his holdings by over 230% buying nearly … Read more

| Oil and Gas Investor $OXY

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A Tsunami Of New Shale Production by Richard Mason Chief Technical Director Hart Energy 2017/08/04 1,004 26 Fasten those seatbelts. Oil and gas has a been busier than commonly understood and the tsunami of accelerating field work in first-half 2017 will add significant crude oil production by year-end 2017. (Source: Hart Energy)A version of this story appears in the August 2017, edition of Oil and Gas Investor. Insiders continue to add to their positions at OXY with two directors buying 10,000 shares each at $61.58 and $61.77.  We like the 5.16% dividend yield and their position in the Permian.  Oxy has … Read more

Why the Collapse in the Price of Oil is Reminiscent of Previous Financial Bubbles

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Bubbles all have the same characteristics of unrealistic expectations but are incredibly difficult to recognize until after the effect. Prices in an economic bubble can fluctuate erratically, and become impossible to predict from supply and demand alone. While some economists deny that bubbles occur,  the cause of bubbles remains disputed by those who are convinced that asset prices often deviate strongly from intrinsic values.-Wikipedia 2008 housing bubble and ensuing financial market rout “We recognized that, despite our suspicions, it was very difficult to definitively identify a bubble until after the fact,” -Alan Greenspan 2000 Dot Com bubble In  2000, AOL purchased Time Warner for US$164 billion. Shortly thereafter the bubble burst and technology stocks suffered a remarkable … Read more

The blatant injustice of US Government oil policy

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If China was dumping a product in the US market, and businesses in the US were not allowed to sell a similar one in the Chinese market, politicians would be up in arms at the injustice of it all.  Well, that’s exactly what’s happening in the oil market now. To provide some perspective, this is not a new issue.  Back in 1999, The U.S. Commerce Department on 9 August dismissed an antidumping and countervailing duty petition filed by a coalition of independent U.S. oil producers against Venezuela, Mexico, Iraq and Kuwait, saying that there was not enough industry support for the petition … Read more

‘s mine

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It’s hard to find the contrarian view in the oil patch these days but some of our contrarian observations are: A barrel of oil is worth far more in the U.S. than in other parts of the world. The U.S .is the most stable place in the world with large proved reserves. Most discovered deposits of oil are in politically unstable countries or in hard to reach locations with undeveloped infrastructure like the Arctic or ocean floor Large oil and gas exploration companies like Exxon, BP, Royal Dutch, etc. plan capital budgets for decades out. If the price of WTI … Read more

Crude oil in free fall creates long term buying opportunity

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I think the sharp drop in crude and the decline in some US centric shale plays creates a buying opportunity.  We bought Anadarko, Apache, Continental Resources, EOG, a little Chesapeake and quite a bit of Occidental today.  It’s a falling knife for sure but we are probably a lot closer to the bottom than the top. We don’t pretend to be able to portend the future price of crude. I don’t think the CEO of Exxon can do that.  What is clear though is that the US has become the most reliable, safest place in the world to explore and … Read more