There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 3, Baker Hughes Company's Director, John G. Rice, invested $531,000.00 into 10,000 shares of BKR, for a cost per share of $53.
Its operator partnerships secure Permian drilling locations for under $2.5 million each, a cost edge that shapes how durable the inventory growth really is.