Highpeak Energy Inc (HPK, +1, November 23rd)
Michael Hollis (President and Director since 2020) after purchasing $1 million worth of stock at $21.61 on private placements in August and September, and has continued to add to his holdings. He has made three additional purchases, all in the open market, spending $71,000 in September and recently $1.2 million in November at an average price of $22.07.
Prior to HighPeaks’ business combination, Hollis served as Pure’s President from December 2019-August 2020. Prior to that, he was the COO at Diamondback Energy (FANG) and Drilling Manager at Chesapeake Energy. We ranked this stock +1 on July 6ths based primarily on a $246,000 purchase from Steven Tholen (CFO since 2019).
In August, Hollis, Tholen, Jack Hightower (CB and CEO), and Rodney Woodward (COO) all made substantial purchases on a private placement. It is now interesting to see Hollis continue to add to his holdings.
We are renewing our +1 ranking.