Rowan Companies Inc
Article Abstract:
Rowan Companies Inc is contracted by the oil and gas industry to provide offshore and onshore services. The stock peaked at the $11 to $15 range between 1989 to 1991 before dropping to the $5 level by early 1992. Insider selling was observed at low prices and escalated as the stock rose to the $9 area in late 1992. Four insiders, including Chmn C. Robert Palmer, disposed of 198,250 shares from Dec 1992 to Feb 1993 at the $6.75 to $8.38 range. Caution is recommended.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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Helmerich & Payne Inc
Article Abstract:
Helmerich & Payne Inc provides drilling, oil and gas exploration and production services. The stock appreciated from $22.25 to the high $20s during the 1st qtr 1993. Six insiders disposed of 23,752 shares last Mar 1993, at the $26.38 to $27.63 range. The sell cluster and the short time span of the sales should be considered significant despite the modest volume involved. A guarded outlook is recommended.
Publication Name: CDA-Investnet Insiders' Chronicle
Subject: Business
ISSN: 1074-0139
Year: 1993
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