PSXP

The Week Democrats Found Religion and Republicans Found Science

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POTUS tweeted he tested positive for Covid-19.  Tellingly it was the most liked Trump tweet ever.  The President’s demand for loyalty is now looking like it could extend to death as Trump conducts super spreader events and legions of followers succumb to the virus. The market had its worst September in 9 years.  Insider buying was anemic.   In spite of the headlines, the market was up 1.52% for the week.  Our notable insider buys were up 5.12% STEELCASE INC up 14.44% At Home Group Inc. up 12.10% PHILLIPS 66 PARTNERS LP  up 5.12% GOLUB CAPITAL BDC Inc. up 5/09% Douglas … Read more

Is it time to buy oil and gas stocks? Well,the results of insider buying might surprise you

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The big name E&P companies apparently don’t think their stocks are cheap enough yet to buy. Buying is sparse considering the meltdown in share prices.  The following are the brave souls who are catching a falling knife.  Most are in secondary names, many of which you won’t recognize. BCEI BONANZA CREEK ENERGY INC $2B BOONE LYNN 12/5/2014 Purchase 11,000 $21.01 BCEI BONANZA CREEK ENERGY INC $2B CARTY RICHARD J 12/5/2014 Purchase 30,000 $20.90 CRC CALIFORNIA RESOURCES CORP n/a KORELL HAROLD M 12/5/2014 Purchase 100,000 $6.31 CRC CALIFORNIA RESOURCES CORP n/a ALBRECHT WILLIAM E 12/1/2014 Purchase 20,000 $7.48 CAM CAMERON INTERNATIONAL … Read more