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Insiders snap up energy stocks as valuations fall

Prices hit 10-year low as oil rout sparks stock selling stampede

The number of insiders buying energy stocks is estimated to have increased 64 per cent from a year ago and more than doubled from the average during the first 10 months of this year.

New York

THE rout in energy stocks reminds Tim Rochford of something else he's seen in Texas. "What happened is almost like a herd of cattle, one cow turns left, all the cows follow it and it's a stampede," said the 68-year-old co-founder of Midland-based Ring Energy Inc, one of 118