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

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.
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Comments (1)
  • macombet
    , contributor
    Comments (202) | Send Message
     
    I think there oil wells in Colorado, will blow your socks off. NG will be a smaller than normal return, but the one percent up to two percent on crude oil will be more like ten percent. I bought three thousand six hundred shares of KWK. Would like to sell at five dollars, but think will sell one half at fifty cent profit and the rest at a dollar. Not saying I'm right, just what I'm doing.
    24 Apr 2012, 08:11 PM Reply Like
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