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Transatlantic Petroleum Ltd. (TAT) CEO Noah Malone Iii Mitchell buys 200,000 Shares

June 13, 2012 | About: TAT +0%
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CEO, 10% Owner of Transatlantic Petroleum Ltd. (TAT) Noah Malone Iii Mitchell buys 200,000 shares of TAT on 06/11/2012 at an average price of $0.99 a share.

Transatl Petrol has a market cap of $357 million; its shares were traded at around $0.96 with and P/S ratio of 2.8.

This is the annual revenues and earnings per share of TAT over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of TAT.


CEO Recent Trades:


  • CEO, 10% Owner Noah Malone Mitchell Iii bought 256,394 shares of TAT stock on 06/08/2012 at the average price of 0.94. Noah Malone Mitchell Iii owns at least 145,747,058 shares after this.
  • CEO, 10% Owner Noah Malone Mitchell Iii bought 218,253 shares of TAT stock on 05/16/2012 at the average price of 0.97. Noah Malone Mitchell Iii owns at least 145,490,664 shares after this.

This is the insider trade history vs. stock price of TAT. For the complete insider trading history of TAT, click here.




Directors and Officers Recent Trades:


  • Executive Vice President Scott C Larsen sold 100,000 shares of TAT stock on 12/28/2011 at the average price of 1.23. Scott C Larsen owns at least 697,855 shares after this.
  • Executive Vice President Scott C Larsen sold 60,294 shares of TAT stock on 12/23/2011 at the average price of 1.16. Scott C Larsen owns at least 697,855 shares after this.


For the complete insider trading history of TAT, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


Rating: 3.5/5 (2 votes)

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