Forbes Charles C. is Buying Forbes Energy Services Ltd. (NASDAQ:FES) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Forbes Energy Services Ltd. (NASDAQ:FES) reported that Forbes Charles C. has picked up 2,724,199 of common stock as of 2017-02-15.
The acquisition brings the aggregate amount owned by Forbes Charles C. to a total of 2,724,199 representing a 12.3% stake in the company.
For those not familiar with the company, Forbes Energy Services Ltd. (FES Ltd.) is a holding company. The Company is an independent oilfield services contractor that provides a range of well site services to oil and natural gas drilling and producing companies to develop the production of oil and natural gas. The Company’s segments are Well Servicing and Fluid Logistics. Its services include fluid disposal and well maintenance. The Company’s Well Servicing segment provides an offering of well services to oil and natural gas companies, including completions of drilled oil and natural gas wells, wellbore maintenance, workovers and recompletions, tubing testing, and plugging and abandonment services. Its Fluid Logistics segment provides a range of oilfield fluid sales, transportation, storage and disposal services that are required on workover, drilling and completion projects, and are used in daily operation of producing wells by oil and natural gas producers. It operates approximately six coiled tubing spreads.
A glance at Forbes Energy Services Ltd. (NASDAQ:FES)’s key stats reveals a current market capitalization of 666,444.00 based on 22.22 million shares outstanding and a price at last close of $0.030 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-07-07, Steel picked up 200 at a purchase price of $4.48. This brings their total holding to 3,749,991 as of the date of the filing.
On the sell side, the most recent transaction saw Steel unload 1,100 shares at a sale price of $0.32. This brings their total holding to 3,166,541.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Forbes Energy Services Ltd. (NASDAQ:FES) as things move forward to see if its progress aligns with these transactions.
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Mt. Emmons Mining Co. is Buying US Energy Corp. (NASDAQ:USEG) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), US Energy Corp. (NASDAQ:USEG) reported that Mt. Emmons Mining Co. has picked up 729,006 of common stock as of 2017-02-07.
The acquisition brings the aggregate amount owned by Mt. Emmons Mining Co. to a total of 729,006 representing a 10.6% stake in the company.
For those not familiar with the company, U.S. Energy Corp. (U.S. Energy) is an independent energy company focused on the acquisition and development of oil and gas producing properties in the continental United States. The Company’s business activities are focused on South Texas and the Williston Basin in North Dakota. The Company operates through Oil and Gas segment. The Company participates in oil and gas projects primarily as a non-operating working interest owner through exploration and development agreements with various oil and gas exploration and production companies. The Company is also pursuing acquisitions of exploration, development and production-stage oil and gas properties or companies. The Company holds a geographically and geologically diverse portfolio of oil-weighted prospects in varying-stages of exploration and development.
A glance at US Energy Corp (NASDAQ:USEG)’s key stats reveals a current market capitalization of 6.03 million based on 6.13 million shares outstanding and a price at last close of $1.01 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2014-09-02, Danni picked up 200 at a purchase price of $4.09. This brings their total holding to 10,000 as of the date of the filing.
On the sell side, the most recent transaction saw Brown unload 25,000 shares at a sale price of $4.88. This brings their total holding to 441,513.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on US Energy Corp (NASDAQ:USEG) as things move forward to see if its progress aligns with these transactions.
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Here’s Who Just Picked Up Comstock Resources Inc. (NYSE:CRK) Shares
In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Comstock Resources Inc. (NYSE:CRK) reported that Westcott Carl H has picked up 1,141,800 of common stock as of 2017-01-17.
The acquisition brings the aggregate amount owned by Westcott Carl H to a total of 1,141,800 representing a 8.49% stake in the company.
For those not familiar with the company, Comstock Resources, Inc. is an energy company engaged in the acquisition, exploration, development and production of oil and natural gas in the United States. The Company operates in the segment of exploration and production of oil and natural gas. The Company’s oil and gas operations are concentrated in Texas and Louisiana. Its operations are focused in two operating areas: East Texas/North Louisiana and South Texas. The Company’s properties in the East Texas/North Louisiana region include approximately 80,660 acres in the Haynesville or Bossier shale formations. The Company’s Eagleville field includes approximately 30,220 acres located in the oil window of the Eagle Ford shale in South Texas. The Company owns interests in over 1,575 producing oil and natural gas wells, and operates over 950 of these wells. The Company owns interests in over 20 wells in the Rosita field, located in Duval County, Texas.
A glance at Comstock Resources Inc. (NYSE:CRK)’s key stats reveals a current market capitalization of 136.58 million based on 13.46 million shares outstanding and a price at last close of $10.12 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-11-15, Martin picked up 5,500 at a purchase price of $8.95. This brings their total holding to 34,524 as of the date of the filing.
On the sell side, the most recent transaction saw Allison unload 8,000 shares at a sale price of $10.12. This brings their total holding to 393,919.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Comstock Resources Inc. (NYSE:CRK) as things move forward to see if its progress aligns with these transactions.
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