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Quicksilver Resources (KWK) +3.6% AH after disclosing in an 8-K filing a restatement of Q1, Q2...

Quicksilver Resources (KWK) +3.6% AH after disclosing in an 8-K filing a restatement of Q1, Q2 and Q3 results from 2012 due to derivatives previously recognized as hedges increased 2012 net income by $133M to reflect changes in fair value in earnings. KWK discontinued the use of hedge accounting on all its derivatives effective Dec. 31, 2012.
Comments (3)
  • J 457
    , contributor
    Comments (947) | Send Message
     
    So that's one of the reasons for the big jump. Look to test $4's next week.
    15 Mar 2013, 06:32 PM Reply Like
  • Loosing Rookie
    , contributor
    Comments (8) | Send Message
     
    Not so sure. KWK had a 26% jump Thursday before announcement. Hmm....maybe the market is rigged. Or a short squeeze
    16 Mar 2013, 06:44 AM Reply Like
  • AxiosCap
    , contributor
    Comments (291) | Send Message
     
    Doesn't matter...anyone bother to look at this thing's BalSh recently? Will be a miracle to avoid B/K in the next 18mths
    17 Mar 2013, 11:44 PM Reply Like
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