Eagle & Beagle for Dec. 22, 2013

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Modified: December 20, 2013 at 9:02 pm •  Published: December 22, 2013

This week's eagle really took off — and it's not coming back.

Syntroleum Corp., the Tulsa-based synthetic fuels company, has spent its fair share of time among the laggards of state-based stocks.

Management last week agreed to sell its assets to Renewable Energy Group Inc. in a stock transaction valued at about $40 million. That sent SYNM shares soaring 27.7 percent for the week.

That's probably an acceptable exit point for long-suffering shareholders of the company, which struggled mightily to commercialize its proprietary process of creating fuels.

If those shareholders approve the deal next spring, Syntroleum will be no more.

Beagle

This is one of the most widely positive weeks for Oklahoma stocks in recent memory.

Just a handful of state-based issues posted losses, and only our beagle declined by any significant amount.

The 18.4 slide for PostRock represented just a 25-cent loss in the stock price. Shares of PSTR closed Friday at $1.11, just three cents off its 52-week low.

Long-term shareholders have become accustomed to little or no return from their shares as the company deals with several challenges.

But they need only look at this week's eagle to see at least one reason to hold on to those shares a while longer.

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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