Quicksilver Resources (KWK) lowers its previously reported Q4 profit to $23.5M, or $0.14/share,...


Quicksilver Resources (KWK) lowers its previously reported Q4 profit to $23.5M, or $0.14/share, and raises its revenue to $223M, to account for an impairment of U.S. midstream assets and a reduction in the fair value of certain commodity derivatives. KWK in February reported a profit of $48.9M, or $0.28/share, on revenue of $216M.

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  • Macomber T
    , contributor
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    Don't know how to add picture. Thought on KWK and natural gas. When a coal fired power plant starts the fire with natural gas to light the coal they use about as much natural gas as a city of 15 thousand uses for a year. Heard this from ATMOS meter reader. Now we have a surplus of gas but there are a bunch of natural gas plants coming on line. I can't guess when the gas surplus will end but KWK is a buy to me. TOM
    17 Apr 2012, 10:09 PM Reply Like
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