Eagle & Beagle
Admittedly, a week is short time to track an individual stock. (Nevertheless, we do it here every Sunday with the caveat that what we're offering is not investment advice; rather it's a few nuggets of information about our local publicly traded companies.)
It took only minutes to observe the gains of this week's eagle. PostRock Energy Corp., an Oklahoma City oil and gas company, rose 11.5 percent last week. Had the market closed at 3:42 p.m. instead of 4 p.m., PSTR shares would have ended the week down a few cents.
But the stock jumped nearly 25 cents in a few small trades just before closing. Such swings in value can happen with lightly traded, low-price issues like PostRock.
Friday's activity might be related to 1.3 million stock warrants exercisable at $1.71 that PostRock issued earlier this month in lieu of dividend payments, although the volume didn't even approach those numbers of shares.
This week's beagle is one of our favorite topics among semiprofessional financial writers, otherwise known as bloggers.
Shares of Oklahoma City's own SandRidge Energy Inc. slid 9.9 percent last week to close Friday at $6.36. It was the lowest closing price for SD shares in three months.
There's no lack of speculation, chart watching or idle chatter on the Internet when it comes to SandRidge stock. On Friday, no less than a dozen posts from sources like Seeking Alpha, Motley Fool and Forbes weighed in on whether it was time to buy, sell or consider SandRidge shares.
There was no consensus.
We don't have an opinion on whether this is a profitable time to buy SD, but at this price it's worth performing some due diligence to determine how you feel about the stock.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.