Had my alias changed from Lingerfelt to John Q Public.
Just back from Oklahoma, Rode my bicycle from Detroit to Tulsa in 6 days (3 with 105 degree temps) and stayed there a few weeks. If anyone cares, Street Atlas 6.0 is a GREAT piece of software to plan a trip using back roads.
Doug, I noticed that Vickers reports a tremendous amount of insider selling in TEXP, over 40 million shares all at $5.02 during July. This right after JP Morgan upgraded the company. It was not reported before I left. Can't find any reason why, but noted the following in the 10Q:
"In July 1999, Natural Gas Partners, L.P. and Natural Gas Partners II, L.P. (collectively, "NGP"), the Company's largest single shareholder group then owning approximately 30.6% of the Company's common stock, completed the sale of 11,517,629 shares of its common stock holdings in the Company in an underwritten public offering. No single person or group received more that 715,000 shares in the offering. NGP's sale of the Company's common stock was due to the requirements of their limited partnership agreements. The Company received no proceeds from the offering."
comments?
Stocks up nicely, especially TMR. Saw my net worth increase 19% after taxes in three weeks by doing nothing. I should do nothing more often!! |
