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.
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.