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.
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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