President of Ensign Energy Services Cashes in On $4.5 million in Stock Options(oil and gas jobs)

oil and gas jobs

By Carmen Jackson

Just after releasing year-end financial results, the President of Ensign Energy Services, Selby Porter, excersized and then sold 136,000 stock option for a reported profit of $4.5 million dollars.

As an investor in Ensign Energy Services or a potential investor in Ensign Energy Services this is a very interesting issue as if the President felt that the company could improve financial results in the near future then he probably would have not liquidated his interest in the Company.

Insider trades are a crucial measure of how an oil and gas stock may perform in the future as insiders possess knowledge of a oil and gas stock that we as investors are not privy to. In the oil and gas industry mergers and acquisitions play a huge role in the markets perception of how an oil and gas stock will perform and insiders have knowledge of whether potential transactions are on the table. Insiders include Board of Director members, Chief Financial Officers, Chief Executive Officers, Vice-Presidents, Controllers, Chief Operating Officers and many other influential people within a company.

All oil and gas investors should monitor insider trades of oil and gas public companies. www.findst.com is a invaluable resource for oil and gas investors as it helps oil and gas investors monitor their oil and gas stocks.

Carmen is an Insider Trading Analyst for Findst, an Oil and Gas Portal focusing on oil and gas stocks and oil and gas jobs specifically oilfield jobs and oil rig jobs.

oil and gas jobs