Rex Energy CFO Buys Another 10K Shares of Rex Stock

Rex Energy is a small but determined driller headquartered in State College, PA totally focused on the Marcellus and Utica Shale. We like to call Rex “the little energy company that can and does” when it comes to profitably tapping northeast shale. As we told you a few weeks ago, Rex is, like all drillers, facing some stiff challenges right now (see Rex Energy 1Q15: Production Up 61%, Revenue Down 33%, Gulf Coast Deal). Even though revenues are down for the company, Rex’s CFO Thomas Rajan still believes in the company. He just bought another 10,000 shares of stock himself for $5.45 per share ($54,500.00). That puts Rajan’s personal holdings of Rex stock at 190,000 shares, worth over $1 million. It’s good to see Rex’s upper management eating their own dog food…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment