NaturalGasStocks.com Features “Insiders Corner” By Michael Brush, Article on Natural Gas Stocks: “Insider Money Says the Rallys Not Over For These Four Natural Gas Plays.”
POINT ROBERTS, WA. January 14, 2005 – InvestorIdeas.com resource portal, NaturalGasStocks.com (NGS a global investor website for the natural gas sector, is pleased to offer a new feature for investors to track trends in insider trading among small and micro-cap stocks. InvestorIdeas.com proudly introduces The Insiders Corner, a weekly feature by well-known financial writer and author Michael Brush. Mr. Brush also writes a weekly market column for CNBC on MSN Money. Mr. Brush has covered business and investing for the New York Times, Money magazine and the Economist Group.
This Weeks Feature: Natural Gas Stocks: Insider Money Says the Rallys Not Over For These Four Natural Gas Plays, is available with other exclusive articles at: http://www.investorideas.com/insiderscorner/.
NaturalGasStocks.com includes a growing list of public companies in the sector. For our list of companies involved in natural gas, click here:
http://www.naturalgasstocks.com/Companies/NaturalGas/Stock_List.asp
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NaturalGasStocks.com includes a growing list of public companies in the sector. For our list of companies involved in natural gas, click here:
http://www.naturalgasstocks.com/Companies/NaturalGas/Stock_List.asp
Read the exclusive InvestorIdeas.com Feature: The Insiders Corner, a weekly feature by well-known financial writer and author Michael Brush. http://www.investorideas.com/insiderscorner/
This Weeks Feature: Natural Gas Stocks: Insider Money Says the Rallys Not Over For These Four Natural Gas Plays.
By Michael Brush
January 2005
With natural gas stocks tripling or more in the past two years, you might think theres little life left in this group.
But the shortage of readily accessible natural gas in North America which will sustain high prices for this energy source tells me theres still room for more upside.
To find some of the stocks with the best potential, we looked for companies where insiders are still buying despite the gains in their shares. At least four energy companies stand out.
Chesapeake Energy (CHK)
Its hard to ignore the impressive buy signal from insiders at this energy company where managers have an outstanding record for purchasing both their own shares and solid energy reserves.
Last year, Chesapeake insiders bought $17.2 million worth of their own stock starting in June. Significantly, they started at $13 and kept buying as the stock moved up. To be sure, theres been some selling. But in early January, chief executive Aubrey McClendon was back purchasing 50,000 shares at $15.57 — after the stock retreated from $18 in November.
Given all the buying he already did last year, thats conviction. And hes got the track record to back it up. His stock on average rises 65% in the six months after he buys, says Thomson Financial.
Bottom line: Chesapeake managers are known to be savvy at buying reserves, and the insider activity tells me theyve been scoring solid assets that will propel this stock higher in 2005.
Goodrich Petroleum (GDP)
Since April 2004 insiders at Goodrich Petroleum have done nothing but buy their own stock, even as it marched higher. They snapped up a sizable $10.9 million worth including December purchases near current levels, or $16 per share.
Featured Public Companies:
Heartland Oil & Gas Corp (OTCBB: HOGC) Heartland is developing approximately 915,000 acres of coalbed methane lands in the Forest City Basin (FCB) in the state of Kansas, USA. Using an 80 acre spacing the acreage is expected to provide approximately 10,000 drill locations. The company currently has 89 wells, in eight pilots including 55 CBM wells that are currently dewatering and/or venting gas, 26 CBM wells awaiting stimulation and 8 saltwater disposal wells. Heartland”s recent acquisition of Evergreen Resources” FCB assets and $44.5 Million financing provide for long term growth. http://www.heartlandoilandgas.com/
Petrol Oil and Gas, Inc. (OTCBB: POIG is producing oil, gas, and Coal Bed Methane at properties in Eastern Kansas and Western Missouri. Recently, the Company acquired 71 CBM producing wells in Southeast Kansas on 10,000 acres flowing about 3,000 Mcf per day. The new property has the potential for another 100 drillable sites, and the Company plans to utilize cash flow generated from this project to fund the aggressive drilling program currently underway. http://www.petroloilandgas.com/
Silver Star Energy, Inc. (OTCBB: SVSE is committed to the exploration and development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic partnerships. The Company has its first producing gas well being tied-in to pipeline in California, and excellent prospects both there and in Alberta. http://www.silverstarenergy.com/
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Michael Brush may hold long or short positions in any of the stocks mentioned in this article and those positions can change at any moment.
InvestorIdeas.com Disclaimer: www.InvestorIdeas.com/About/Disclaimer.asp, InvestorIdeas is not affiliated or compensated by the companies mentioned in this article. Michael Brush is a freelance writer.
Disclaimer: ECON is a privately owned corporate communications company specializing in: media relations, investor relations, and research on public companies and industry sectors, for the investment community. Nothing on our sites should be construed as an offer or solicitation to buy or sell any specific products or securities. All investments involve risk. Past performance does not guarantee future results, therefore investigate before you invest! Although we attempt to research thoroughly, we offer no guarantees as to the accuracy of any information presented. We encourage all investors to use our sites only as a resource to further their own research. The site is compensated by its “Featured Companies, as outlined in our on-line disclaimer at www.InvestorIdeas.com/About/Disclaimer.asp. Its featured companies, Heartland Oil and Gas Corp.: Two thousand dollars per month, plus ten thousand options at three dollars and fifty cents. Petrol Oil and Gas, Inc.: Four thousand dollars per month, plus six thousand dollars per month in one forty-four shares. Silver Star Energy, Inc.: Three thousand dollars per month. Disclaimer: http://investorideas.com/About/
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