Net insider selling recently far exceeds any buying. Over 26,000 shares sold by insiders in the months of November and December. This far exceeds the 5000 shares just bought. 25,148 shares were sold by the Gen Cnsl. Interesting that the news of the poor results in the Bakken came out AFTER the insider selling. Very suspicious activity. Also, the short interest is high, still at 11%.
No arguments here that the selling has suspicious timing. BUT...sales were done at 50+ in early december. Purchase was don at 41ish 2 weeks later. Big difference that should be considered. On Tuesday I will short July 30 putsies for a$2.40 premium. I'd be happy to own this at 27.60. Comments?