Black Diamond Intermediate Ltd. Double, 10% Owner at EPL OIL & GAS, INC. (EPL), sold 266,100 shares at $23.05 ($6.1M) on 2012-12-21, disclosed to the SEC on 2012-12-26.
Open-market sale of $6.1M EPL by 10% Owner. Not flagged as scheduled, tax-driven, or recurring — but no specific bearish signal from our filters. Reasons for insider sales vary widely.
Negative factors outweigh the positive ones.