Stock Message Boards
Energy Stock Channel
Market News Video Self Directed Investor The Warren Buffetts Next Door
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Exco Resources (XCO) Passes Through 4% Yield Mark
Friday, July 18, 3:40 PM ET, by Market News Video Staff

In trading on Friday, shares of Exco Resources Inc. (XCO) were yielding above the 4% ...

Exco Resources is Now Oversold (XCO)
Wednesday, July 30, 12:14 PM ET, by Market News Video Staff

Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...

Miller Energy ResourcesSeries D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock Goes Ex-Dividend Soon
Monday, August 11, 2:08 PM ET, by Market News Video Staff

On 8/13/14, Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred ...

Miller Energy Resources' Series D Preferred Stock Shares Cross 10.5% Yield Mark
Wednesday, August 13, 2:16 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Miller Energy Resources, Inc.'s 10.5% Series D Fixed Rate/Floating ...

Interesting XCO Put And Call Options For October 18th
Tuesday, August 19, 10:49 AM ET, by Market News Video Staff

Investors in Exco Resources Inc. (XCO) saw new options begin trading this week, for the ...

  More articles:  1 2 3 4 5 6 7 next »

Cyber Monday Stock Bargains: Miller Energy Resources a 41% Better Deal Than When Stivers Bought

By Energy Stock Channel Staff, Monday, November 28, 12:56 PM ET
Play Video: One Reason For Insiders to Buy

If the video does not load after a few moments, Upgrade to the Latest Flash Player.

There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 28, Miller Energy Resources, Inc.'s Director, Charles M. Stivers, invested $184,400.00 into 40,000 shares of MILL, for a cost per share of $4.61. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Monday, bargain hunters could buy shares of Miller Energy Resources, Inc. (NYSE:MILL) and achieve a cost basis 41.4% cheaper than Stivers, with shares changing hands as low as $2.70 per share. Miller Energy Resources, Inc. shares are currently trading up about 9.1% on the day. The chart below shows the one year performance of MILL shares, versus its 200 day moving average:

Miller Energy Resources, Inc. Chart

Looking at the chart above, MILL's low point in its 52 week range is $2.02 per share, with $8.04 as the 52 week high point that compares with a last trade of $2.86. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
09/27/2011 David J. Voyticky President 10,000 $2.78 $27,800.00
09/27/2011 Scott M. Boruff CEO 10,000 $2.78 $27,800.00
09/26/2011 Merrill A/ McPeak Director 5,000 $3.09 $15,450.00
09/28/2011 David Michael Hall CEO ALASKA 10,000 $2.90 $29,000.00
09/28/2011 Charles M. Stivers Director 40,000 $4.61 $184,400.00

MILL operates in the Oil & Gas Exploration & Production sector, among companies like Exco Resources Inc. (NYSE:XCO) which is up about 6.2% today, and McMoran Exploration Co (MMR) trading higher by about 7.7%. Below is a three month price history chart comparing the stock performance of MILL, versus XCO and MMR.

MILL,XCO,MMR Relative Performance Chart


The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.

This Article's Word Cloud:   Bargain   Charles   David   Definition   Director   Energy   Exploration   Importance   Insider   MILL   Miller   NYSE   Price   Resources   Share   Stivers   Trial   about   asset   below   buying   cash   changing   chart   cost   designed   earned   hunters   insider   last   like   many   only   performance   point   portfolio   program   reason   share   shares   stock   that   their   there   this   trading   versus   week   which   with

Cyber Monday Stock Bargains: Miller Energy Resources a 41% Better Deal Than When Stivers Bought | | Copyright © 2010 - 2015, All Rights Reserved

Nothing in Energy Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and energy stock videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Energy Stock Channel; Meet Our Editorial Staff.