U.S. Supreme Court declines to hear Venezuela's appeal in Crystallex case out on Monday declined to hear Venezuela's appeal of a lower court ruling allowing Canadian gold mining company Crystallex to seize shares in U.S. refiner Citgo to collect on an unpaid arbitration award.
That meant a 3rd U.S. Circuit Court of Appeals ruling from last year that Crystallex could seize the shares in Citgo would stand. Crystallex is going after Citgo, a subsidiary of Venezuelan state oil company Petroleos de Venezuela, to collect on a $1.4 billion judgment for the expropriation of its assets under late socialist leader Hugo Chavez.
The decision marked a setback to Venezuelan opposition leader Juan Guaido, who is recognized as the country’s interim president by the United States and dozens of other countries and has focused on protecting PDVSA’s overseas assets from seizure by creditors or possible sale by President Nicolas Maduro.
David Seaton Just Bought 2400% More Shares In ConocoPhillips (NYSE: COP)
Even if it’s not a huge purchase, we think it was good to see that David Seaton, a ConocoPhillips (NYSE: COP) at https://www.webull.com/newslist/nyse-cop insider, recently shelled out US$98k to buy stock, at US$41.03 per share. While that isn’t the hugest buy, it actually boosted their shareholding by 2400%, which is good to see.
ConocoPhillips Insider Transactions Over The Last Year
Notably, that recent purchase by David Seaton is the biggest insider purchase of ConocoPhillips shares that we’ve seen in the last year. That means even when the share price was higher than US$40.87 (the recent price), an insider wanted to purchase shares. While their view may have changed since the purchase was made, this at least suggests they have had confidence in the company’s future.
We always take careful note of the price insiders to pay when purchasing shares. It is encouraging to see an insider paid above the current price for shares, as it suggests they saw value, even at higher levels. The only individual insider to buy over the last year was David Seaton.
Even if it’s not a huge purchase, we think it was good to see that David Seaton, a ConocoPhillips (NYSE: COP) insider, recently shelled out US$98k to buy stock, at US$41.03 per share. While that isn’t the hugest buy, it actually boosted their shareholding by 2400%, which is good to see.
So, if you are looking for some news related to the Cop stock, then the above-mentioned words will help you to know about it. If you want to know more stock information like cray stock, you can visit at https://www.webull.com/newslist/nasdaq-cray.