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Friday, May 17, 12:20 PM Quicksilver Resources (KWK -4.4%) announces a multi-year profit improvement plan it says will focus on prioritizing its core brands, globalizing key functions and reducing its cost structure, Briefing.com reports. KWK expects the plan will improve EBITDA by $150M by 2016. Also, KWK will be replaced in the S&P 400 after the close of trading May 23. Comment! [Energy, On the Move]
Thursday, May 16, 6:06 PM Standard & Poor's says that Kansas City Southern (KSU) will be replacing Dean Foods (DF) in the S&P 500, following the dairy company's spinoff of its organic and soy business as WhiteWave Foods (WWAV). The change will take effect after the close on May 23, around the time that Dean is expected to close out its remaining equity interst in WhiteWave. On the flipside, Dean Foods will take KSU's place on the S&P MidCap 400, WWAV replacing Quicksilver Resources (KWK). KSU +0.5%, DF -0.7%, WWAV -0.5%, KWK -3.5% AH. 2 Comments [Consumer, Commodities]
Tuesday, May 7, 7:31 AM Quicksilver Resources (KWK): Q1 EPS of -$0.04 misses by $0.03. Revenue of $132.6M misses by $15.06M. (PR) Comment! [Earnings, Breaking News]
Tuesday, May 7, 12:05 AM Notable earnings before Tuesday’s open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC 2 Comments [Earnings]
Monday, May 6, 5:30 PM Notable earnings before Tuesday's open: ACM, AFAM, AKRX, ALLT, ARCC, ARIA, BCRX, CHTR, CMLP, CNK, CQB, CRZO, CVLT, DFT, DISCA, DTV, DWRE, EMR, ENDP, FE, FOSL, HCN, HFC, HPT, HSIC, KWK, LPX, NRG, NRGY, NVAX, OAK, OMX, PQ, PRGO, RIGL, SHOO, TA, TAP, TDG, TGH, TICC, TRGT, TW, WRES, XEC Comment! [Earnings]
Wednesday, April 3, 2:58 PM Recent asset sales (I, II) by Magnum Hunter (MHR +3.9%) and Quicksilver Resources (KWK +2.9%) are just the beginning, as drillers reach a point where their cash flow isn't enough to pay down big debts racked up in the shale land grab. The combined long-term debt for 85 small and midsize U.S. drillers was more than $130B at the end of Q3 2012, according to one estimate. 2 Comments [Energy, On the Move]
Tuesday, April 2, 11:39 AM Quicksilver Resources (KWK -9%) gives back some of yesterday's gains after selling a 25% stake in its Barnett Shale assets to Tokyo Gas for $485M. Raymond James says KWK received a solid price in the sale, but maintains its Underperform rating, preferring to "wait for more progress on the recapitalization front before getting excited." 7 Comments [Energy, On the Move]
Monday, April 1, 3:27 PM Quicksilver Resources (KWK +14.2%) delivered on its promise to partially monetize its Barnett Shale interest, Jefferies analysts say, but it still needs a Horn River JV to support the firm's Hold rating and $2.50 price target. While KWK will want to use the sale proceeds to pay down more than $1B in 2015-16 notes, banks likely will request KWK pay down some of its $388M of bank debt. Comment! [Energy, On the Move]
Monday, April 1, 9:11 AM Premarket gainers: KWK +33%. BCRX +30%. SNFCA +23%. TSLA +16%. AM +12%. VRNG +10%. PAL +6%. Comment! [On the Move]
Monday, April 1, 8:26 AM Quicksilver Resources (KWK) +22.3% premarket following its agreement to sell a 25% interest in its Barnett shale assets for $485M to TG Barnett Resources, a U.S. subsidiary of Tokyo Gas. KWK will remain as operator of the assets. The proceeds - 25% higher than KWK's market cap - will help in the company's quest to pay down a heavy debt load. Comment! [Energy, On the Move]
Saturday, March 30, 9:17 AM Quicksilver Resources (KWK) eases its debt burden after agreeing to sell a 25% stake in its Barnett shale oil and gas assets in Texas to Tokyo Gas for $485M. KWK had said after issuing disappointing Q3 2012 results that it was near a deal to sell off a stake in its Barnett holdings. Comment! [Energy]
Monday, March 25, 5:56 PM After-hours top gainers, as of 5:15 p.m.: CALL +6%. TX +5%. KWK +4%. CAR +4%. SONC +5%.
After-hours top losers: HXM -9%. GMAN -5%. CLMT -5%. MGLN -2%. Comment! [On the Move]
Monday, March 25, 9:09 AM Quicksilver Resources (KWK) +3.9% premarket after saying late Friday its net loss for Q4 and full-year 2012 were smaller than it previously reported, restating its results to correct errors related to the accounting for derivatives. Final Q4 net loss was $548M ($3.22/share) and $2.4B ($13.83/share) for full-year 2012 vs. previous report of net losses of $1.1B for Q4 and $2.5B for 2012. Comment! [Commodities, On the Move]
Friday, March 22, 5:44 PM After-hours top gainers, as of 5:15 p.m.: SFD +6%. REGI +6%. GTI +4%. FIVE +4%. KWK +4%.
After-hours top losers: IDIX -10%. TTS -6%. SVU -4%. MTG -3%. ARNA -2%. 3 Comments [On the Move]
Thursday, March 21, 2:39 PM With natural gas prices up 12% in March, some NGL plays have been left behind, Cowen's Nicholas Pope writes. He favors SM Energy (SM +0.3%), which trades at only 3.9x his 2014 estimate for EBITDA and has rallied a mere 2% this month. Range Resources (RRC +0.8%) is another NGL name but it also has significant dry gas exposure; dry-gas exposed names have rallied 17% this month. Comment! [Energy, Quick Ideas]
Friday, March 15, 6:22 PM 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. 3 Comments [Energy, On the Move]

KWK Quicksilver Resources Inc.

KWK

Quicksilver Resources Inc.