Eagle & Beagle, Oct. 7

Business Writer Don Mecoy takes a weekly look at Oklahoma's high-performing and low-performing stocks.
by Don Mecoy Modified: October 6, 2012 at 12:23 am •  Published: October 7, 2012

Shares of Apco Oil & Gas International, based in Tulsa, but with operations in several South American locales, slipped 9.1 percent last week. APAGF shares closed the week at $14.62 after setting a 52-week low earlier in Friday's trading day.

Apco shares have been a long slide since the Argentina government in May seized assets of a Spanish energy company, and the congress there declared that the oil and gas sector in Argentina was a matter of public interest.

The Argentine president granted increased control of the energy industry to his own government, assured his countrymen that oil and gas prices would be reasonable and required energy companies to submit their capital spending budgets for government approval.

Apco CEO Ralph Hill said in August it would take some time to see how that situation worked out. So far, it hasn't been good for Apco stock.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) low-performing (beagle) stocks by Business Writer 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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