Eagle & Beagle for May 6, 2012
Eagle & Beagle for May 6, 2012
Eagle & Beagle
Eagle
It was the worst week of the year for the Dow. Oil fell below $100 a barrel for the first time since February, and natural gas prices, while up 4 percent last week, remain historically low.
In other words, it wasn't a great week on Wall Street for energy companies, which includes most of Oklahoma's publicly traded firms.
That makes our eagle's modest weekly gain a little more impressive. PostRock Energy Corp., a modestly traded Oklahoma City business, posted a 6.3 percent gain over the past five days. That represented just a 14-cent gain, boosting the stock to a closing price of $2.36.
Meanwhile, this should be a busy week for the firm, which has a shareholders' meeting and earning call scheduled in the coming days.
What does the fact that Argentina's president seized the country's biggest energy company from a Spanish firm have to do with the stock price of a Tulsa-based business?
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