With all the bad news about drilling companies, many oil execs are buying stocks in their own companies.  Many people believe that insider trading is a good indicator.......but I am not recommending anything.....just saying insiders are buying.

From Seeking Alpha;

• With valuations at a decade low, oil execs such as Chesapeake Energy’s (NYSE:CHK) Archie Dunham and Ring Energy's (NYSEMKT:REI) Tim Rochford are driving the sector's biggest wave of insider buying since 2012, according to Bloomberg data.
• Rochford and two other board members bought a total of more than 30K REI shares over the past month; the CEO says the company can stay profitable even should oil slip to $50/bbl.
• “Most of these execs that are buying have been in the industry as long as I have, so they know how supply and demand works and they’re buying quality stocks,” says Dunham, who recently bought 500K CHK shares in his biggest purchase since joining the company’s board in 2012.
• Loews Corp. (NYSE:L), which owns about half of Diamond Offshore (NYSE:DO), bought 1.18M DO shares in November and bought another ~410K shares last week.
• Halcon Resources (NYSE:HK) and Goodrich Petroleum (NYSE:GDP) are among companies operating in the costliest U.S. shale-producing regions, but execs from those companies are buyers as well.

http://www.bloomberg.com/news/2014-12-08/energy-insiders-see-fire-s...

Charles Cusack III, chief operating officer at Halcon, made two purchases last month adding a total of 70,000 shares, regulatory filings show.