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Eagle & Beagle for Aug. 10, 2014

Eagle & Beagle for Aug. 10, 2014
Oklahoman Published: August 9, 2014



This column was missing last week as I was hanging onto a roller coaster in Branson, Mo., on a Friday afternoon.

But shareholders of this week’s eagle must feel like they are on holiday.

Tulsa-based WPX Energy Inc., an oil and natural gas explorer spun off by Williams Cos., posted an 11.2 percent gain over the past two weeks. Much of that gain came after WPX released its earnings and announced that it expects its domestic oil production to grow 55 percent this year. That’s up from its earlier forecast of a 40-percent production gain.

While asset sales prompted a second-quarter loss, oil production is what investors, traders and analysts are seeking.

WPX traded 10 million shares Wednesday — its busiest trading day in nearly five months — and closed just below its 52-week high.


Did I mention I lost my car keys on that Silver Dollar City roller coaster? Well, I did.

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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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