Eagle & Beagle for Dec. 29, 2013

Eagle & Beagle for Dec. 29, 2013
by Don Mecoy Published: December 29, 2013
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Eagle

If you owned a basket of stocks representing all Oklahoma-based companies that trade on major exchanges, you would have been pleased with last week's results.

Gainers outpaced losers among state publicly traded companies by a 5-to-1 margin, and losses were narrow among the laggards.

Our eagle — PostRock Energy Corp. — rebounded from beagle status of the previous week. PSTR's 9.9 percent jump represented an 11-cent advance in price; much like the previous 18 percent fall was just a 25-cent decline.

The stock closed Friday at $1.22.

But Okies invested in local stocks should be pleased with the week's results.

Beagle

Thankfully, the pickings were slim among potential beagles.

The worst of the lot — Blueknight Energy Partners — slipped 3.6 percent, closing Friday at $8.62. BKEP units, which don't trade heavily, were up for most of the week, but ended Friday on a sour note.

Units of the Oklahoma City-based energy partnership continue to trade closer to their 52-week high than the low end of annual trading.

Long-term investors won't — and shouldn't — be concerned about earning a beagle badge.

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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