This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lit Fuse: Insider Buying in Energy

PSX is an independent downstream energy company, engaged in the refining and marketing of oil and gas, and also is in power generation, lubricants and other related activities.

When a sector as important as energy and energy services sees a marked increase in insider buying it behooves us to pay keen attention.

The companies mentioned in this article all have valuable operations and experienced management, so it's not surprising that insiders would be picking up more shares at bargain prices. View each company in the light of their profitability and earnings growth before you also consider opening your wallet and participate in the buying.

At the very least familiarize yourself with the more well-established candidates like McDermott, which in the past 52-weeks saw its shares trade as high as $21.69.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

At the time of publication, the author was long COP.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
COP $68.61 1.36%
MDR $5.13 0.00%
PSX $79.30 1.65%
SD $2.10 3.45%
AAPL $127.60 2.28%

Markets

DOW 18,034.93 +208.63 1.17%
S&P 500 2,100.40 +19.22 0.92%
NASDAQ 4,994.6020 +62.7870 1.27%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs