2 Smaller Energy Firms See Big CEO Stock Buys
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 29 2024
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Source: Barron's
Recent Stock Purchases by Executives: HighPeak Energy and Epsilon Energy have seen significant stock purchases by their top executives, with HighPeak's CEO Jack Hightower buying $1.6 million worth of shares and Epsilon's CEO Jason Stabell investing $373,700 in his company's stock.
Performance Comparison: HighPeak's stock has gained 2.4% year-to-date while Epsilon's shares increased by 10%, contrasting with a 6% drop in the Invesco S&P SmallCap Energy ETF, which does not include either company.
Analyst Views on EPSN
About EPSN
Epsilon Energy Ltd. is an onshore focused independent natural gas and oil production and gathering company with assets in Wyoming, Pennsylvania, Texas, Alberta and New Mexico. The Company is engaged in the acquisition, development, gathering and production of natural gas and oil reserves. It conducts operations in the United States through its wholly owned subsidiaries Epsilon Energy USA Inc., Epsilon Midstream, LLC, Epsilon Operating, LLC, and Altolisa Holdings, LLC. Its assets include Marcellus Shale Assets, Permian Basin Assets, Powder River Basin Assets, and Western Canadian Sedimentary Basin Asset. The Company owns an interest in approximately 11,600 gross acres (5,100 net acres) within the gas in place (GIP) window of the Marcellus Shale in Northeast Pennsylvania. It also owns an interest in 16,000 gross acres (4,000 net acres), targeting the oil-rich Barnett Shale. It also holds a 35% interest in the Auburn Gas Gathering System, located in Susquehanna County.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
