Eagle & Beagle
This week's eagle put on a nice surge in the middle of the week that was coupled with fairly strong volume.
Chesapeake Granite Wash Trust added nearly $1 on Wednesday, and finished the week with a 5.6 percent gain to close at $22.09.
The trust's shares, which offer ownership in royalty interests in the Colony Granite Wash play in the Anadarko Basin of western Oklahoma, have dipped in value along with Chesapeake Energy, which conveyed those interests to the trust.
CHKR shares took a dive in April (along with CHK) after Reuters reported on potential conflicts of interest for Chesapeake CEO Aubrey McClendon.
Last week, CHK rose about 3.3 percent, and CHKR, which includes quarterly distributions, jumped even higher.
Friday's Wall Street rally left the major stock indexes relatively unchanged, with the Dow and S&P 500 down just a fraction of a percentage point and the Nasdaq off 1.2 percent.
That was the tale among Oklahoma-based stocks as well, with a few winners and losers, but no major gains or losses. It feels like the late summer doldrums are setting in.
Our biggest loser was Tulsa-based Apco Oil & Gas International, which slipped 5.7 percent over the week to close at $19.88.
You may recall that last week Apco ended a long slide with an appearance as the eagle, posting a 14 percent gain.
Perhaps some traders opted to take a little money off the table.
Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Writer Don Mecoy.