Eagle & Beagle for Sunday, June 29

Daily Oklahoman (Oklahoma City) |

June 29--Late Monday, Tulsa-based Rose Rock Midstream said it struck a $300 million deal that gives the partnership a 100 percent interest in SemCrude Pipeline and indirect ownership of a 51 percent interest in White Cliffs Pipeline.

Early Tuesday, Rose Rock Midstream announced it had closed a transaction to acquire crude oil trucking assets from a subsidiary of Chesapeake Energy Corp.

When the market opened Wednesday, RRMS jumped. At week's end, the price of units had climbed 9.8 percent and set a new 52-week high Friday.

A rosy week for owners of this eagle, indeed.

Beagle

This week's beagle took a small tap on the nose from owners.



Shares of Tulsa-based Matrix Service Co. slid 6.8 percent to close Friday at $33.22. The week's activity wasn't alarming, and MTRX remains within shouting distance (about $5) of its 52-week high and way above its 52-week low.

In writing this column, I found two recent stories about Matrix posted online. The first carried the optimistic headline: "Will Matrix Service Continue to Surge Higher?" followed by the more pessimistic "Can Matrix Service Company Keep the Earnings Streak Alive This Quarter?"

Under those headlines, the stories, distributed by Zacks, were identical.

I doubt that either moved the price much. But it is an instructive example of why you need to perform your own due diligence. Sometimes you know more than people paid to write about a stock (and that includes me).

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

___

(c)2014 The Oklahoman

Visit The Oklahoman at www.newsok.com

Distributed by MCT Information Services

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Goldrea Resources Corp.

Goldrea Resources Corp is engaged in the acquisition, exploration and development of mineral properties located in North America.

Private Markets

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…

The Green Organic Dutchman

The Green Organic Dutchman Ltd. ("TGOD") produces farm grown, organic cannabis for medical use. The company grows its high quality organic cannabis in small batches using craft growing, all natural…