Seeking Alpha

EnvestorFirst's  Instablog

EnvestorFirst
Send Message
Oil & Gas Stocks
  • More Stocks with Insider Buying 0 comments
    Apr 12, 2011 11:57 AM | about stocks: MHR, KMI, MMLP, VTG
     A couple weeks ago, we put together a great article that discusses insider buying, and its benefits as a predictor. We also gave a list of some of the energy companies that were experiencing some of the most insider buying on the market. Luckily, we have found some more energy focused companies who are also experiencing some insider buying. Learn about other inside buying preferences here.

    Magnum Hunter Resources (MHR) is trading around $8.56. Magnum is an independent oil and gas company, based in Texas. These shares have traded in a range between $3.34 to $8.63 in the last 52 weeks. The 50 day moving average is $7.18 and the 200 day moving average is $5.58. MHR is estimated to earn about 11 cents per share in 2011 and 41 cents in 2012. You can see the recent insider buying here.

    What Magnum insiders and other investors might be seeing: Magnum controls about 46,000 acres in the Marcellus Shale region as well as exposure to the Eagle Ford and Bakken. Oil stocks with exposure to the Bakken Range have surged. The CEO of one leading oil company says he thinks there are 20 BILLION (with a B) barrels of oil in the Bakken. Read about this estimate here. These shares are trading near the highs, so this stock might have further to run. Buying dips will probably pay off with this stock.

    Kinder Morgan Inc. (KMI) is trading around $29.50. Kinder is an oil and gas pipeline company, based in Texas. These shares have traded in a range between $29.49 to $32.14 in the last 52 weeks. The 50 day moving average and the 200 day moving average is not available since KMI went public recently. KMI is estimated to earn about $1.06 per share in 2011 and $1.19 in 2012. You can see the insider buying here.

    What Kinder insiders and other investors might be seeing: A number of analysts see some upside to the share price with targets at $33 and $33.50, which you can see here. Because these shares are trading at the lows after going public fairly recently, I think they are likely to drop further and would not consider buying until they are lower and/or found a solid bottom.



     

    Read the entire article here: 

    http://turnkeyoil.com/2011/04/11/more-energy-stocks-with-insider-buying/

     

    Stocks: MHR, KMI, MMLP, VTG
Back To EnvestorFirst's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.