Share “Eagle & Beagle”

by Don Mecoy Published: September 30, 2012

The droopiest Oklahoma stock was one we have seen here before. Apco Oil & Gas International slipped 9.4 percent to close Friday at $16.09. That's less than $1 from the 52-week low for APAGF.

Apco, based in Tulsa, operates in Venezuela and Columbia and has suffered from political unrest as the government in Venezuela seized a European energy operation earlier this year. That action immediately put downward pressure on Apco's shares.

While management has sought to ease fears about the situation, the stock price has plummeted 80 percent this year. That despite the company producing sharply higher profits in the most recent quarter.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and 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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