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Article: Oil executives banking on a crude spurt.
- Article from:
- Investors Chronicle - magazine and web content
- Article date:
- January 29, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark Robinson
DIRECTORS' DEALS: Boardroom buying at oil and gas firms accounted for a fifth of all directors' share purchases last week
There was an increased incidence of directors buying en masse over the last week, with the average deal size for acquisitions hovering around the GBP38,000 mark, which is GBP9,000 short of the comparable figure from last year. Directors from resource companies again account for many of the larger deals, but there has been a noticeable lack of commitment from directors within financial services. Whether this situation will change following the reporting season remains to be seen, but it would surely send out a ...