Friday, June 11, 2010

Nat Gas update: PQ

PetroQuest Energy Inc.
Thursday, June 3, 2 pm Eastern: 6.22
Friday, June 11, close: 7.40
Gain: +18.97%
Candlestick analysis: "Hold" on buy at 5.74, May 25 (American Bulls)
Summary: Mostly positive, if modest, numbers including $207 million in revenue. Negative rev growth (-19.9%) and $159 million of debt are issues, but PQ is one of the top gainers in the sector anyway. Unless they've gotten some huge news recently, no way chasing this ends well. 

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