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Eagle & Beagle, Jan. 13

Eagle & Beagle, Jan. 13
by Don Mecoy Published: January 13, 2013
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EAGLE & BEAGLE

Eagle

Our top-performing stock has been cleaning up.

Tulsa-based Matrix Service Co. recently bought a privately owned industrial cleaning services firm in Louisiana with cash on hand. The size of the deal wasn't disclosed, but Matrix said it was less than $10 million.

That gives Matrix, which provides a variety of engineering, construction and maintenance services to energy and industrial markets, a fourth industrial cleaning facility to go along with existing ones in Tulsa, Kansas City and Baton Rouge, La.

Investors cleaned up a little last week, as MTRX shares jumped nearly 8 percent to close at $12.82.

The stock hasn't traded this high since last spring.

Beagle

This week's beagle has bid farewell to a familiar face.

Bruce M. Bell retired as a director of Panhandle Oil & Gas at the end of last year. Panhandle CEO Michael C. Coffman said Bell, who joined the board in 2004 “will be missed.”

Bruce, a banker and oilman, was one of the first people I interviewed after I joined The Oklahoman's business desk more than a decade ago. He has long been a patient, knowledgeable and frank source for our news stories.

But this isn't an obit — he just stepped off the board.

Meanwhile, PHX shares slipped 7 percent last week to close at $28.02.

I bet Bruce could give us a decent idea of why that happened.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.

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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