farhad

Speculating on Oil Bubbles

Can someone explain this? Everyone says that the price of oil will continue to increase and oil will be the place to invest. If that is the case, I would think that the first people to invest in oil and oil companies would be the CEO’s and the VP’s of the oil companies. But looking at the insiders transactions posted on InsiderCow.com, all of the CEO’s and the VP’s of the big oil companies are selling their shares as if there is no tomorrow. Since January 2008, Chevron CVX insiders have sold more than $100,000,000 shares. $0 buy.
Transocean RIG more than $50,000,000 insider shares sold. $0 buy.
Schlumberger SLB more than $45,000,000 insider shares sold. $0 buy.
Exxon XOM more than $40,000,000 insider shares sold. $0 buy.
Halliburton HAL more than $22,000,000 insider shares sold. $0 buy.
Occidental OXY more than $20,000,000 insider shares sold. $0 buy.
Conoco Phillips COP more than $14,000,000 insider shares sold. $0 buy.
Apache APA more than $13,000,000 insider shares sold. $0 buy.
XTO Energy XTO more than $1,000,000 insider shares sold. $0 buy.
BZP more than $700,000 insider shares sold. $0 buy.
What gives? Don’t these CEO’s and VP’s want to make money like the rest of us?
;-)