Share “Eagle and Beagle stocks ”

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
Advertisement

Stocks

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,...
+ show more


Trending Now


AROUND THE WEB

  1. 1
    Saudi Arabia: We'll never cut oil production
  2. 2
    Reward increased to find Waco meteorologist's shooter
  3. 3
    Sen. Tom Coburn on his friendship with President Obama: ' I just love him as a man'
  4. 4
    Sony Pictures hack fuels speculation about studio's possible sale
  5. 5
    Most and least reliable small cars
+ show more