When it comes to trading shares of a company, an “insider” doesn’t necessarily have to be an officer or director, someone who could be expected to have access to inside information. It can be anyone who owns more than 10% of a publicly traded company. Whether officer or major shareholder, or both, these are people who have a lot of themselves wrapped up in the company, and their continued purchases suggest a growing commitment to and faith in the company’s future. As Peter Lynch famously said: “Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise”.
Below is a record of recent insider transactions associated with Strategic American Oil, a domestic oil and gas exploration and production company based in Houston, Texas, a company that feels the price of oil supports the targeting of known reserves.
[11/8/11 – 11/11/11] – Jeremy Driver (President, CEO, Director) – Purchased 199,940 shares[11/8/11 – 11/11/11] – KW Navigation Inc. (10% owner) – Purchased 170,000 shares
[11/8/11 – 11/11/11] – CW Navigation Inc. (10% owner) – Purchased 170,000 shares
[10/24/11 – 10/26/11] – Jeremy Driver (President, CEO, Director) – Purchased 100,000 shares
[10/18/11] – CW Navigation Inc. (10% owner) – Purchased 100,000 shares
[10/18/11 – 10/26/11] – KW Navigation Inc. (10% owner) – Purchased 105,000 shares
[10/14/11] – KW Navigation Inc. (10% owner) – Sold 5,000 shares
[10//12/11 – 10/17/11] – Jeremy Driver (President, CEO, Director) – Purchased 550,060 shares
[10/12/11 – 10/17/11] – KW Navigation Inc. (10% owner) – Purchased 555,000 shares
[10/12/11 – 10/14/11] – CW Navigation Inc. (10% owner) – Purchased 555,000 shares
[9/26/11] – KW Navigation Inc. (10% owner) – Purchased 31,666,666 shares
[9/26/11] – CW Navigation Inc. (10% owner) – Purchased 31,666,667 shares
[9/26/11] – Jeremy Driver (President, CEO, Director) – Purchased 31,666,667 shares
For additional information, visit www.StrategicAmericanOil.com
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