Eagle & Beagle
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.
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.