Shortly after the release of the end of the year’s financial results, the chairman of Ensign Energy Services, Selby Porter, excersized and then sold 136000 option for a reported profit of $ 4.5 million dollars.
As an investor in Ensign Energy Services or a potential investor in Ensign Energy Services, this is a very interesting question as the president believes that the company could improve financial results in the near future he will probably would not have liquidated its stake in the company.
Insider trading is a crucial measure of how an oil and gas stocks may perform in the future as insiders have knowledge of an oil and gas resources that we as investors are not privy to. In the oil and gas industry mergers and acquisitions play a major role in the markets perception of how an oil and gas reserves will run and insiders have knowledge of whether transactions are possible on the table. Insiders include Board of Director members, Chief Financial Officers, Chief Executive Officers, Vice-Presidents, Controllers, Chief Operating Officers and many other influential people within a company.
All oil and gas investors should monitor abuse of trades of oil and gas public companies. www.findst.com is an invaluable source for oil and gas investors because it helps the oil and gas investors monitor their
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