Quicksilver (KWK -6.7%) shares swoon after the company reports a wider-than-expected Q1 loss and...

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

Quicksilver (KWK -6.7%) shares swoon after the company reports a wider-than-expected Q1 loss and a drop in revenue due in part to lower average natural gas prices and lower natural gas volumes from the Barnett Shale due to reduction in well completions, natural production decline and reduced capex. S&P cuts its corporate credit rating to B from B+.