http://www.zacks.com/stock/news/139523/walter-energy-issues-notes-to-replenish-revolving-credit-facility and http://http://finance.yahoo.com/mbview/threadview/;_ylt=AkZaMDibW23aDUxVYwyfwy3eAohG;_ylu=X3oDMTB2Ymgyb2JyBHBvcwM2NARzZWMDTWVkaWFNc2dCb2FyZHNYSFJVbHQ-;_ylg=X3oDMTBhYWM1a2sxBGxhbmcDZW4tVVM-;_ylv=3?&bn=c45a49d5-ee86-3cba-a63d-92e76d5036c9&tid=1405538359488-48bb24c5-4f74-485c-80c0-2e5769b793ce&tls=la%2Cd%2C17%2C3 and http://files.shareholder.com/downloads/AMDA-17DNVP/3336837993x0x766617/873ad579-1967-4f20-a110-762676a31d5d/KWK_News_2014_7_2_General_Releases.pdf
http://www.zacks.com/stock/news/139523/walter-energy-issues-notes-to-replenish-revolving-credit-facility and http://www.thestreet.com/story/12767731/1/why-alpha-natural-resources-anr-stock-is-slumping-this-afternoon.html?puc=TSMKTWATCH&cm_ven=TSMKTWATCH
3 Stocks Crushed by the
Market This Week
Photo Credit: Phillips 66
Investors in energy stocks
saw some of those
investments go up in
flames last week.
Let’s take a closer look at
three energy stocks that
really burned investors this
Photo credit: Flickr/TaxRebate.org.uk
Quicksilver Resources (NYSE: KWK)
Shares of the Texas-based natural gas and oil
exploration company experienced a quick 13.4%
plunge last week.
Why Quicksilver Resources’ stock dropped
Other than some rumors on well
results, there was no news surrounding
Quicksilver Resources last week.
However, Quicksilver Resources stock is
heavily shorted, as 56.5% of the float
was sold short as of the end of May,
adding to overall volatility.
Investors should keep an eye on
second-quarter earnings, which are
scheduled to be released on August 5th,
as that news likely will be what really
moves the stock.
Phillips 66 Partners (NYSE: PSXP)
Units of the growth-oriented master limited
partnership slipped 9.1% this week.
Why Phillips 66 Partners’ dropped
Analysts at Credit Suisse raised
their price target from $55 to
However, given that units were
trading at more than $75 at the
time, it was more like a wake-up
call that the units might be a
Ultra Petroleum (NYSE: UPL)
Shares of the natural gas driller took a late plunge
Why Ultra Petroleum’s stock dropped
CFO Mark Smith resigned on July
15th to take a new position at a
He will stay with the company
through August 1st to assist with
second-quarter financial reporting.
He will be replaced by the
company’s current controller,
Which stock has the best shot at bouncing back?
Ultra Petroleum’s late plunge isn’t
as big a deal as investors made it.
The fact that an internal
candidate is moving up suggests
that there is nothing amiss.
Because of that, Ultra Petroleum’s
stock could quickly recover last
week’s late swoon.
Photo credit: Flickr/TaxCredits.net
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