Friday, November 25, 2011

Insiders Keep Buying Strategic American Oil Corporation (SGCA)

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 (including the very rare stock sales) 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.

Transaction Date Insider Relationship Transaction:

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

About QualityStocks:

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

The Quality Stocks “Ones to Watch” http://Gotstocks.QualityStocks.net

Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net

No comments: