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Summary Insiders are definitely selling. They also accumulated a lot of stock during the downturn. Now is the time to rebalance personal portfolios. There are a lot of projects in various exploration and growth stages. There will be some significant production additions this year. A quiet period like now is usually the time to consider investing in a stock like this. Murphy has unusually large exposure to some high-impact projects while maintaining a strong balance sheet. This idea was discussed in more depth with members of my private investing community, Oil & Gas Value Research. Learn More » bjdlzx (Note: This article appeared in the newsletter on June 15, 2022, and has been updated as needed.) Murphy Oil (NYSE: MUR ) management recently announced an offshore dry well and really got to the end of the potentially significant exploration wells that could add a lot of reserves for the current fiscal year. Now, for many, the production growth alone is accounted for in the current price. So, there are views that with insider sales, there currently is no reason to own the stock. Long-term buy-and-hold investors may have a different take. Murphy Oil Insider Activity (NASDAQ Website August 12, […]
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