Thursday, June 10, 2010

Nat Gas update: KWK

Quicksilver Resources Inc.
Thursday, June 3, 2 pm Eastern: 11.20
Thursday, June 10, close: 13.12
Gain: 17.14%
Candlestick analysis: "Hold" on buy at 11.49, June 3 (
American Bulls)
Summary: Similar to Chesapeake and a few of the other nat gas plays — solid margins and returns, $601 million in cash and $2.5 billion in debt. Revs at $869 million. Interesting potential play, but with the biggest one-week gain on my list, KWK is also near oversold level, but this 13 level is also possible resistance, too.

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