- Quicksilver Resources (KWK -22.6%) plunges after appointing John Little from Deloitte as its Strategic Alternatives Officer to explore strategic and tactical options including marketing assets and identifying JV partners.
- In lowering its stock price target to $1 from $4, Howard Weil says if a Horn River Basin deal was close, the arrangement would not be necessary; with no HRB deal, capital raise or significant move in natural gas prices, the firm believes it is hard to see upside in the stock (Briefing.com).