Eagle & Beagle for Sunday, Nov. 10, 2013

Don Mecoy: A look at Oklahoma's high-performing (eagle) and low-performing (beagle) stocks.
by Don Mecoy Modified: November 8, 2013 at 9:51 pm •  Published: November 10, 2013
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Eagle

Only about a third of Oklahoma's publicly traded companies posted a gain in stock price last week.

The week's top performer, Chesapeake Granite Wash Trust, added a modest 3.9 percent, closing at $12.94 per unit.

Oddly, the share price jumped Friday during the trust's conference call, which was brief, included no questions, and closed with the news that no further conference calls would be scheduled by the trust.

The call noted that prices and production were down, and management planned to slow its rate of drilling to identify the best possible development sites in the trust's limited territory. That would tend to limit future distributions, and the current distribution was below the “subordination threshold.”

I suspect the trust's largest shareholder is on board with the strategy. That's Chesapeake Energy Corp., by the way.

Beagle

Certain words that trickle out during earnings season send a chill through investors. You don't want to hear “challenging,” “frustrating,” or “disappointing” uttered by the leaders of any company that you claim some ownership in.

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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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