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Newfield Exploration Co. Message Board

  • volcanman volcanman Aug 20, 2013 11:26 AM Flag

    Insider Option activity

    Looked at Yahoo for latest list of options exercised by insiders and the fraction of these shares that immediately sold. Am looking for evidence as to why NFX share price is so weak when I think the increases in core US production together with pending sale of malaysian assets should make NFX a roaring buy. Quck in my head summation of options issued in latest round (Aug. 15) shows 93,000 shares issued to approx 20 insiders including CEO Boothby, and 40,000 of these options immediately sold. Not bad, but not really great either. I am in big and will continue to hold while looking for a better signal. Management has shown themselves to be less than optimistic in the past; maybe they also need a better signal. Of course, it would help NFX and a lot of other gas-rich companies if the price of nat gas started upward.

    Sentiment: Buy

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    • Looking at the same insider action. Not as bad as in the past. No outright sales, as is typical with NFX.

      NFX is asset rich, but lacks the capital (or borrowing) to get the shale oil flowing fast enough, though doing better now. Hard to figure what is going on, given the poor stock action. A buyout would make sense, but I am sure management would fight it. Hostile takeovers in the oil business are rare.

 
NFX
31.80-0.78(-2.39%)Oct 30 4:02 PMEDT

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