A person who is very rich and knows a lot about businesses bought more shares of a company that gets oil from the ground. This means they think the company will do well in the future or the stock is cheap right now. When important people in a company buy their own company's stock, it can be a good sign for other investors to also buy that stock. Read from source...

- The title is misleading and sensationalized. It implies that there is a big bet on Occidental Petroleum by insiders or other investors, but the article does not provide any evidence or data to support this claim.
- The article focuses on three stocks that insiders are buying, but it does not explain why these stocks are attractive or what factors make them good investment opportunities. It also does not compare them with other stocks in the same industry or sector that might be better choices for investors.
- The article uses vague and general terms to describe the insider purchases, such as "confidence" and "bargain". These words do not convey any specific information or insight into the company's performance, outlook, or valuation. They also imply a positive bias towards the stocks, without providing any rational argument or analysis.
- The article cites Warren Buffett's purchase of Occidental Petroleum as an example of insider buying, but it does not mention that he is a 10% owner of the company and has a long history of investing in the energy sector. It also does not disclose his stake size or the price he paid for the shares, which are relevant details for readers to understand his motives and strategy.
- The article ends with a promotion for Benzinga's insider transactions, which is an irrelevant and manipulative way of generating traffic and revenue from the readers. It also undermines the credibility and objectivity of the article, as it suggests that the author has a conflict of interest or a hidden agenda.

There are several ways to approach the task of finding good stocks to buy or sell based on insider transactions. One way is to use a screening tool that filters companies by their insider buying activity, such as the Benzinga Insider Sentiment Indicator. Another way is to look for trends or patterns in the types of stocks that insiders are buying or selling, such as whether they favor value or growth stocks, cyclical or defensive stocks, large-cap or small-cap stocks, etc. A third way is to use a fundamental analysis approach that evaluates the financial health and prospects of each company individually, taking into account factors such as earnings, revenue, cash flow, debt, dividends, valuation, etc.

A possible recommendation for this article could be:

- If you are looking for stocks that have high insider buying activity and are also undervalued relative to their peers, you might consider the following three stocks: Occidental Petroleum (OXY), Citizens Holding (CIZN), and Alcoa Corporation (AA). These stocks have a low price-to-earnings ratio, high insider ownership, and positive earnings growth. They are also in sectors that are expected to benefit from the reopening of the economy and the recovery in demand for energy, financial services, and aluminum products. However, you should be aware of the risks involved in investing in these stocks, such as the volatility of oil prices, interest rates, credit risk, environmental regulations, and global trade tensions. You should also do your own research and due diligence before making any investment decisions based on this article or any other source of information.