Howard Weil downgrades Quicksilver Resources (KWK -1.5%) to Market Perform from Market...

|About: Quicksilver Resources Inc. (KWK)|By:, SA News Editor

Howard Weil downgrades Quicksilver Resources (KWK -1.5%) to Market Perform from Market Outperform as a result of commodity price changes. The firm lowers its 2012 gas price deck from $3.38/Mcf to $2.43/Mcf, its 2013 gas price estimate from $4.50/Mcf to $3.50/Mcf and 2014 price assumption from $5.00/Mcf to $4.50/Mcf.