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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