From CNBC:
$this->bbcode_second_pass_quote('', '"')We've seen increased selling in the oil and gas industry as a whole," LoPresti said Monday on CNBC's "Power Lunch." "Last month, oil and gas drillers were the top sellers, by market value. They were the second-top sellers by net shares sold, and, by head count, there were five sellers for every one acquirer."
PeakOil is You
Oil Company execs selling their shares.
First unread post • 4 posts
• Page 1 of 1
Oil Company execs selling their shares.
by pea-jay » Tue 05 Apr 2005, 11:44:29
Full Article
It's interesting...are the rats jumping from a sinking ship?? Some of the firms listed are in the exploration field. CNBC explains the selling more or less as profit taking on a long price runup.
Then they toss this line in:
$this->bbcode_second_pass_quote('', 'N')abors Industries Ltd.
• "One of the future risks for drillers is that liquefied natural gas has been expected to play a growing role in satisfying North American demand," LoPresti said. "Domestic gas drillers may be hurt by that."
It sounds like economist-speak for acknowledging declining North American supplies.
Sounds fishy to me.
UNplanning the future...
http://unplanning.blogspot.com
http://unplanning.blogspot.com
-
pea-jay - Heavy Crude
- Posts: 1547
- Joined: Sat 17 Jul 2004, 03:00:00
- Location: NorCal
Re: Oil Company execs selling their shares.
by AdamB » Mon 19 Jan 2026, 22:59:00
$this->bbcode_second_pass_quote('pea-jay', '
')Then they toss this line in:
$this->bbcode_second_pass_quote('', 'N')abors Industries Ltd.
• "One of the future risks for drillers is that liquefied natural gas has been expected to play a growing role in satisfying North American demand," LoPresti said. "Domestic gas drillers may be hurt by that."
')Then they toss this line in:
$this->bbcode_second_pass_quote('', 'N')abors Industries Ltd.
• "One of the future risks for drillers is that liquefied natural gas has been expected to play a growing role in satisfying North American demand," LoPresti said. "Domestic gas drillers may be hurt by that."
It sounds like economist-speak for acknowledging declining North American supplies.
Sounds fishy to me.
And look how wrong it turned out to be. Domestic drillers are going gang busters to feed into LNG export markets. The US exports more LNG than anyone on the planet and is still building out capacity.
Plant Thu 27 Jul 2023 "Personally I think the IEA is exactly right when they predict peak oil in the 2020s, especially because it matches my own predictions."
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
Plant Wed 11 Apr 2007 "I think Deffeyes might have nailed it, and we are just past the overall peak in oil production. (Thanksgiving 2005)"
-
AdamB - Volunteer
- Posts: 11018
- Joined: Mon 28 Dec 2015, 17:10:26