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Don Mecoy: Eagle and Beagle column

ADDvantage Technologies Group sees slight rise; Chesapeake Granite Wash Trust down 20%.
by Don Mecoy Published: March 24, 2013
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The price drop and trading surge came after investing website Seeking Alpha published an article early Wednesday highlighting what the author called a sharp decline in the proved reserves held by the trust. The author, Daniel R. Moore, said that although some of the decline was attributable to lower natural gas prices, much of the reduction was due to poor well results.

Moore said he had sold his CHKR units based on his review of the data contained in the company's annual report, but in online comments said he was considering buying back in at the current lower price.

His commentary generated some confusion among commenters, which is a good reminder to read and understand prospectuses and other documentation before you invest.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) by Business Editor Don Mecoy.

by Don Mecoy
Business Editor
Business Editor Don Mecoy has covered business news for more than a decade after earlier working on The Oklahoman's city, state and metro news desks, including a stint as city editor. He has won state and regional journalism awards for business,...
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