Friday, September 6, 2013

Oklahoma Corps and Partnerships Market Prices Up 512% Since President Obama Took Office

From a review of SEC Filings , I found 22 Corps and Partnerships.....12 Oil & Gas and 10 Non-Oil & Gas.....headquartered in the State of Oklahoma which generated Core, Ongoing Pretax Income or Pretax Loss of at least $20 mil each in any of the first three years of the Obama Administration (2009, 2010 or 2011), and which also had their common stock trading on both January 16, 2009, which is the last day stocks traded before President Obama took office, and also on September 5, 2013 or was acquired in the past year.

The historical stock prices were obtained from the following two excellent internet resources.....  Google Finance and MarketWatch Big Charts .

These 22 Oklahoma Companies had their average stock prices increase by an off-the-charts 512% from January 16, 2009 to September 5, 2013.  This 512% increase is 5.4 times the 95% increase in the S&P 500 Index over the same time span.

The major contributors to this outsized stock market appreciation were Dollar Thrifty and GulfPort Energy.  And more than half of these 22 Companies had at least triple-digit percentage increases.

The Oil & Gas industry doesn't seem to be so hot on the Obama Administration, but that is not consistent with what has happened in Oklahoma where the 12 largest Oil & Gas Corps and Partnerships have experienced an average stock market appreciation of 277% so far during the Obama Administration.  And I would be surprised if this average stock market appreciation isn't above 400% for the Obama Administration's entire 8 year run.  After all, US Energy Secretary Ernest Moniz is brilliant and also very savvy.  He knows that if natural gas drilling is done in the best environmental and safe way, it will do both economic and national security wonders for the country.

The Oklahoma City Thunder dominate professional sports in Oklahoma, but Tulsa dominates in stock market appreciation.  Of these 22 Oklahoma Corps and Partnerships, 12 of them are HQed in Tulsa and they achieved an average stock market appreciation so far during the Obama Administration of an incredible 735%.  In comparison, 7 of them were HQed in Oklahoma City, achieving an average stock market appreciation of 267%, still a very impressive growth.

Below here are the common stock market closing prices of each of these 22 Oklahoma Corps and Partnerships at both the most recent date (September 5, 2013) and also at the date just before President Obama took office in his first term (Jan 16, 2009), as well as the percentage stock market price changes for this period of time:

Market Market Percentage

Oklahoma Price Price Increase

HQs 9-5-13 1-16-09 (Decrease)
Oklahoma Largest Companies

Oil and Gas Companies

GulfPort Energy Oklahoma City $61.30 $3.97 1444%
Atlas Pipeline Partners Tulsa $38.08 $6.02 533%
Continental Resources Enid $97.24 $20.31 379%
OneOK Tulsa $51.17 $14.29 258%
Magellan Midstream Partners Tulsa $53.24 $15.96 234%
Williams Companies Tulsa $35.13 $11.43 207%
Helmerich & Payne Tulsa $64.50 $23.34 176%
Unit Corp Tulsa $45.86 $25.60 79%
Chesapeake Energy Oklahoma City $26.17 $15.26 71%
Devon Energy Oklahoma City $58.73 $58.68 0%
Sandridge Energy Oklahoma City $5.39 $6.57 -18%
Apco Oil & Gas Intl Tulsa $15.25 $24.29 -37%

Average Increase: All 12 Oil and Gas Companies


Non-Oil and Gas Companies

Dollar Thrifty Tulsa $87.49 $1.27 6789%
LSB Industries Oklahoma City $31.03 $7.97 289%
AAON Tulsa $24.38 $8.43 189%
Matrix Service Tulsa $16.24 $6.00 171%
Orchids Paper Products Pryor $27.41 $10.35 165%
Alliance Resource Partners Tulsa $76.00 $30.38 150%
BOK Financial Tulsa $64.36 $36.55 76%
Sonic Corp Oklahoma City $16.24 $10.32 57%
Southwest Bancorp Stillwater $14.57 $10.54 38%
BancFirst Oklahoma City $52.22 $42.29 23%

Average Increase: All 10 Non-Oil and Gas Companies


Total all 22 Largest Oklahoma Companies