Oil Plunges BUT insiders start buying in the US Oil crashed >4% overnight, to lows not seen since July 2009 and oil stocks fell in a manner described as a fire...
Nicholas Forsyth
Market Matters
Oil Plunges BUT insiders start buying in the US Oil crashed >4% overnight, to lows not seen since July 2009 and oil stocks fell in a manner described as a fire sale. However, with valuations in US oil stocks at decade lows after over $300b has been wiped from their worth, we are now witnessing the biggest wave of insider buying since 2012. Directors buying is definitely not a guarantee of that prices will rise as we have witnessed locally with Twiggy Forest buying Fortescue all the way down to its 60% decline from this February's highs. Basically, insiders buying, tell me that the company is in great shape internally, but they have absolutely no control over where underlying commodity prices are going. Where to buy?...see below (VIEW LINK)
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Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
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No areas of expertise
Nicholas Forsyth
Director
Market Matters
Market Matters is an online investment and share trading advisory service designed for those that want to take their wealth further. We specialise in advice for active share market investors, including those new to the markets or those with a Self...
Expertise
No areas of expertise
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