Share “Eagle & Beagle for Jan. 5”

Eagle & Beagle for Jan. 5

Broken Arrow's ADDvantage Technologies Group, as the Eagle, soared a health 12.5 last week. The Beagle was Continental Resources, which saw its stock drop 6.2 percent after a BNSF Railway train derailed into another train carrying Bakken crude oil, causing a major fire in North Dakota.
by Don Mecoy Modified: January 3, 2014 at 10:23 pm •  Published: January 5, 2014
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Eagle & Beagle

Eagle

This week's eagle sells and services products for an industry I don't support.

It's not that I'm morally opposed to the industry — cable television — it's just that I'm cheap. I realize that I'm in the minority.

Shares of Broken Arrow's ADDvantage Technologies Group jumped a healthy 12.5 percent last week, closing Friday at $2.80. That's not far from the stock's 52-week high of $3.28.

AEY has long been a profitable microcap enterprise with a small stock float that is relatively closely held. Reception certainly was good for the cable company's shareholders last week.

Shareholders likely are content. But this cord cutter needs to find a place to watch the BCS championship game.

Beagle

Things got a little heated for our current beagle recently.

Monday, a BNSF Railway train carrying grain derailed in southeastern North Dakota and fell onto an adjacent track carrying a BNSF train with 106 cars of Bakken crude. Eighteen of the oil train's cars derailed, and several burned in a major fire. Nobody was hurt in the accident, but nearby residents were evacuated.

In the aftermath, federal regulators issued a safety alert noting that Bakken oil may be more flammable than other types of crude.

Oklahoma City's Continental Resources is the biggest producer in the Bakken shale. The news affected CLR shares, which finished the week off 6.2 percent at $106.77.

Continental officials said they welcome greater scrutiny.

For investors, CLR's small slide likely won't incite much anxiety since they're sitting on a 50-percent gain in 2013.

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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