Director Howard Curd, who sits on numerous corporate boards, acquired 20,000 shares. Chairman and CEO Robert Catell purchased 2,000 shares. His last transaction was a 3,000-share disposition back in '97. It is important to note that options held by these executives and directors are under water, therefore open-market purchases are their only possible means to acquire stock. The two will purchase and test thirty residential natural gas powered fuel cells in New York City and Long Island, which gives KeySpan exclusive rights to market and maintain commercial versions of the cells in the testing region.
Energy services remain a mixed bag, however.
This is no less true when it comes to the insiders. Unlike its peers, Cooper Cameron didn't take much of a hit in September, when weakness struck much of the oil services sector. The signs remain subtle, but selling has emerged at Cooper Cameron, which is particularly interesting given the recent weak earnings comparisons. Among the sellers, President, Valves division, John Chapman registered to sell 15,000 shares a transaction that would be a largest-ever disposition. President, Cameron division Dalton Thomas made his first-ever sale 7,489 shares, while VP, Corporate Controller Joseph Chamberlain and SVP, General Counsel Franklin Myers filed to sell 5,400 shares 7,601 shares, respectively.