Post by
daddyMac9 on Dec 04, 2023 12:32pm
Insider buys
John Brussa bought 80,000 shares in past month from $6.70 to $6.90
John Festival bought a few as well
Guess they like divy yields above 10%....
Comment by
OGInvest0r on Dec 04, 2023 12:35pm
Yes this company has the most insider buying I've seen of all oils. Makes me feel good about my decision. If they stand behind the company with their $$ then so should we as investors.
Comment by
Valneigette on Dec 05, 2023 2:26pm
John Brussa (I did some dd abouy him lately) here what I got from my research.... He was a large Leucrotta shareholder (he got some cash from Vermilion buy out) thus he probably need some place to park is money... It could explain his latest buy.....cardinal Energy Ltd (80 000 shares in 2023) He is also involve with Crew Energy happy trading !!!
Comment by
lnggasfor202324 on Dec 05, 2023 3:08pm
I think he has about 2.5 million shares and I don't beleive their dripped otherwise you woud see him buying every month. So he probably just buys on the dips.
Comment by
jx7000 on Dec 05, 2023 3:01pm
Guess they like the buyout prospects of CJ, too. JMHO
Comment by
OGInvest0r on Dec 05, 2023 3:25pm
If insiders are buying it tells me there is no risk right now of a dividend cut. They would know the sp would drop accordingly and stay away from sinking more skin in the game. We are probably 5-10 bucks away (WTI $) from that possibility for a sustained timeframe.