How are energy investors positioned?
Phil Mulacek, a director and significant shareholder of Empire Petroleum Corp (NASDAQ:EP), has recently acquired additional shares of the company. According to a recent SEC filing, Mulacek purchased a total of 2,400 shares of Empire Petroleum's common stock on April 4, 2025. The shares were bought at prices ranging from $5.05 to $5.12, amounting to a total expenditure of $12,282. The timing is notable as the stock has declined 34.7% year-to-date, with the current share price at $4.96.
Following these transactions, Mulacek directly owns 5,217,180 shares of the company. Additionally, he has indirect ownership of shares through various entities, including Petroleum Independent (LON:IOG) & Exploration LLC, Big Red Revocable Trust, Five Sterling LP, and through his spouse. These holdings reflect Mulacek's continued investment and interest in the company's performance.
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