Premium Post: Cluster Of Insider Purchases In The Energy Industry

The energy industry is broadly divided into three components consisting of upstream companies that do the exploration and production of oil and natural gas, the midstream companies that transport and store the extracted hydrocarbons and the downstream companies that refine, process and sell the end products like gasoline. There is often significant overlap between these components and there are several energy companies that do all three.

Over the last several weeks we have seen very consistent insider buying by insiders of midstream energy companies. Most of these purchases have been by insiders that have been with their companies for decades or were founders of those companies. What is remarkable is not just the size of the purchases but also the frequency of these purchases.

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