RE:RE:RE:T+96 CricketsNot withstanding the overall market downturn, given the reasonably positive news releases from the company over the last 2 months, the shares should be trading higher.
But there has been no insider selling, and there does not appear to be insider buying either.
Insiders are blackouted before quarterly reports. Believe it is 30 days maybe longer. Right after quarterlies is when they are unrestricted and can sell and buy shares for a certain amount of time.
If they can't sell, or buy at all, something more significant/material is going on within the company.
Where can you see who is selling and buying AXE shares? I remember seeing a website that listed this but can't seem to find it.
I think once we see this, we'll have a better idea of what is going on.
Regardless, they will have to report on oil production for the Q2 report, as well as revenues from the oil they are selling.
They released Q2 on August 25th last year so we are waiting just over another 2 months before getting a proper look under the hood...
More patience required I guess....