Energy XXI (Bermuda) Limited (EXXI) Insider Raises Exposure By 3,000 Shares

Energy XXI (Bermuda) Limited (NASDAQ:EXXI), saw one of its insiders raise his profile to the company through a transaction that was initially filed earlier this week, and completed today, August 15th. Director Kevin S. Flannery bought 3,000 shares of common stock at an average price of $15.8 per share, and now has a total of 36,183 shares directly invested into the corporation. Energy XXI (Bermuda) Limited (NASDAQ:EXXI) is a $1.48 billion market cap independent oil and natural gas exploration and production company with operations focused in the United States Gulf Coast and the Gulf of Mexico. The Company is engaged in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico.
As well, the largest outside involvement comes from Mark Mcgoldrick And Jason Maynard‘s Mount Kellett Capital Management, which holds 5,923,158 shares worth about $139.6 million.

Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.

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