"All the while oil company insiders are dumping shares in the stock of their companies. Why not hold longer. After all if oil is going higher wouldn't they want to buy and hold more stock?"
Well, if the equity markets enter a bear market recession, I'm not sure if the oil companies hold up, high or low price of oil aside, that's just my opinion.
Gold equities on the other hand is a different story... I'm extremely confident they hold up, and break out...