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Oklahoma on Wall Street

 
No Author Published: November 21, 2008    Comment on this article Leave a comment

Who took the biggest hit?

Recession fears, changing leadership on the U.S. House’s Energy and Commerce Committee and climbing natural gas reserves all combined Thursday to hammer the stocks of Oklahoma’s independent petroleum industry companies. Twenty companies all saw their stocks fall at least 10 percent in value, and prices for the stock of seven of the companies fell by at least 20 percent. The companies that lost the most for the day their stock prices at the close of trading and the percentage of their drops:

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>SandRidge Energy, $5.68, -33.8 percent;

>Quest Resource Corp., 25 cents, -28.57 percent;

>Chesapeake

Energy Corp., $13.98, -27.56 percent;

>Continental Resources, $15.24, -26.55 percent;

>Gulfport Energy, $3.33, -23.62 percent;

>Matrix Service Co., $6.07, -23.16 percent;

>Hiland Partners, $7.90, -21.78 percent.

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Related Topics: Business, Financial Markets, Stock Markets, Stock Prices



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