Key insights
- Oil and gas insiders have sold $3.8 billion worth of stock in the past month, according to SEC Form 4 filings. Carl Icahn was the only notable buyer. This suggests that despite bullish narratives surrounding oil prices, executives are taking profits, potentially signaling a near-term peak or correction in the energy sector. This insider selling could foreshadow weaker performance for US energy equities.
Everyone’s saying buy oil right now.
Brent at $112. Iran knocked out. Hormuz disaster. Arab refineries hit
Makess sense, right?
So I checked something else, what insiders are actually doing.
Pulled all SEC Form 4 filings across oil & gas over the past 30 days. Not headlines. Not opinions. What are execs actually doing with their $$
They’re selling, they are all sellingg
$3.8B SOLD
There’s only one legit buyer: Carl Icahn bought about $16M
That’s it.
Meanwhile CEOs, CFOs, large holders are unloading while retail is being told to chase.
Nobody's buying except.. you
Data: SEC Form 4 filings via revorian.com