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Energy Insiders See ‘Fire Sale’ Buy Most Shares Since ’12

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The rout in energy stocks reminds Tim Rochford of something else he’s seen in Texas.

“What happened is almost like a herd of cattle, one cow turns left, all the cows follow it and it’s a stampede,” said the 68-year-old co-founder of Midland-based Ring Energy Inc., one of 118 industry executives who bought shares of their own companies in the last month amid the worst losses since 2008.