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Eagle and Beagle stocks

Panhandle Oil & Gas Inc., registered a nice 8.3 percent gain to be the top-performing stock again.
by Don Mecoy Published: October 13, 2013
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Eagle

Last week's top-performing local stock, Panhandle Oil & Gas Inc., registered a nice 8.3 percent gain. Shares of PHX closed Friday at $32.34 — about 4 bits short of its 52-week high set back in July.

Unlike most of our state-based energy companies, it's not a typical exploration and production company. The Oklahoma City firm buys, manages and develops natural gas and oil properties.

That mission, and a relative modest market cap, apparently makes the stock less attractive to the average trader. On an average day, only about 12,000 PHX shares change hands.

But for long-term investors (which might be most of the company's shareholders), last week's low-volume, high-gain performance was plenty exciting.

Beagle

For such a volatile week in Washington and on Wall Street, there was relatively little movement among Oklahoma stocks.

The worst performing stock of the week was Tulsa-based Syntroleum Corp., which is seeking to commercialize its proprietary method of synthesizing fuels like diesel.

Syntroleum likely has appeared in this space more than any other state-based stock for two reasons: It is relatively cheap, and it is relatively speculative.

SYNM shares dipped 6.3 percent last week, but that amounted to just a 28-cent decline in the price, which closed at $4.18.

For investors, this issue is a long play.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks 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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