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Eagle & Beagle for Sunday, June 29

Don Mecoy: Eagle & Beagle is a weekly look at Oklahoma companies’ high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Published: June 29, 2014
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Stocks

Eagle

Our top-performing state-based stock over the past week was rewarded for its wheeling and dealing.

Late Monday, Tulsa-based Rose Rock Midstream said it struck a $300 million deal that gives the partnership a 100 percent interest in SemCrude Pipeline and indirect ownership of a 51 percent interest in White Cliffs Pipeline.

Early Tuesday, Rose Rock Midstream announced it had closed a transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corp.

When the market opened Wednesday, RRMS jumped. At week’s end, the price of units had climbed 9.8 percent and set a new 52-week high Friday.

A rosy week for owners of this eagle, indeed.

Beagle

This week’s beagle took a small tap on the nose from owners.

Shares of Tulsa-based Matrix Service Co. slid 6.8 percent to close Friday at $33.22. The week’s activity wasn’t alarming, and MTRX remains within shouting distance (about $5) of its 52-week high and way above its 52-week low.

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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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