Insider Buying??

[katytrader]

Stavros further please go the SEC website and look up how Dr Wu and Morgan and RJ and UBS etc can have information that you do not have .? When one like a Dr Wu makes a disclosure he in fact is making it public vs for institutional use only . He is helping your portfolio value with more disclosure . Your ranting on him and then he withdraws the info actually takes important information away from you and others . Hurting them and you financially in the short term. The SEC makes a clear distinction between individual shareholder info levels of disclosure and institutional disclosure . Stavros you have never studied SEC law ever and Dr Wu had passed a text on those laws every 2 years . To set yourself up as an expert on something you have never studied or been tested on is a major problem . Suggest you study and get independent testing of your knowledge and not pound on persons who are regulated and understand the rules . Don't like the rules then lobby the SEC to change their written rules . But don't blast persons who are trying to help you make informed decisions. Dr Wu is but following the written laws.

"To set yourself up as an expert on something you have never studied or been tested on is a major problem."

If this is true, then SHU has MANY major problems.   lol

[Palm]

These guys have no intentions of buying stock in the open market. If they did they could have requested permission at certain times and probably been granted that permission. They will take the freebies granted and have little or no risk in all of this personally. They have this BOD in their back pockets and the BOD does the same thing; take option grants for serving on another BOD.

The restrictions on insider buying while there is drilling are overly restrictive and beyond what is necessary to be legal.

The shareholders need to clean this up as management and the  board will not.  

No insider buying is shameful in my opinion and inexcusable.  They can hide behind the policy they have adopted, but that does not make it right.

Do similiar companies ie Oil Search have as restrictive provisions?

Phil M had his problems, but at least he had skin in the game.

"Do similar companies ie Oil Search have as restrictive provisions?"

No, and I agree; this stance by IOC/IOC's legals is unnecessary.  The last management team found ways to buy in the open market while drilling, etc. was going on.  As we have said several times here, if there is something material that needs to be disclosed while drilling, then disclose it and clear the deck so mgmt and the BOD can support the shareholders through open market purchases.  They need skin in the game to the point that they have "substantial" positions, which is also required by the company policy.

[ArtM72]

First, Stavros please reconsider. Second, maybe the IOC Board should be restricted to buying only prior to MH going on road shows. That could in time lead to better results in stock price action. This week has been yet another case where we've endured a10% drop following MH's trip to NYC.

[freddiekingman]

Good bye..Stavros.
Out too.

[Putncalls]

Out at the bottom? The oil supply demand curve has turned bullish. Ichan said he has been buying LNG. At this point IOC MGMT really doesn't mean the much.

[sfiaes]

Speaking for myself, I think it is a fantastic management team. Professionals from top to bottom with a wealth of experience and industry contacts. Same with the BOD. Combined, that is why the company has such great sponsors and research coverage.

The fact that they are not buying shares on the open market doesn't bother me much. They have IOC coming out of their ears as it is. It is their livelihood and they are incentivized to grow the share price. Buying a few thousand shares in the market, while symbolic, means nothing in the long term.

My advice is to get over it.

This management team will get the most out of the company's assets and make you a lot of money. At $33 it is a no brainer.

[Putncalls]

I agree on the PPS. Fantastic might be a bit strong given the time to drill the certification wells.

[jdeo1969]

Looks like Tree has gotten what he clamored for roughly two years ago. The SHU of old. I took that to mean the same small group of people posting back and forth to each other, over and over and over again. That's exactly what this has become. Well that and grown men arguing like high school girls at a homecoming dance.

I enjoyed Stavros' posts. Hate to see him go.

[jft310]

I like variety of opinions also .
The original post was the window time wise that will exist between appraisal drilling ending and certification results . That window will exist with no drilling . Since management states they can't buy when drilling then they should buy in this window of no drilling.
I believe management should be a big owner of common stock . They need to follow their policy or give darn good reasons why they are not buying . Called credibility .

[Li'loilady]

Stavros leaving is a loss to us all.  IMHO.