Sunday, March 15, 2015

Oklahoma Companies Stock Market Prices Up 311% Since March 6, 2009.....Massive Deceleration From the 365% Growth Reported Only 4 1/2 Months Ago

Just like in my stock market pricing of the Texas Oil & Gas Companies, pricing out the many Oklahoma Oil & Gas Companies Stock Market Prices Has Also Been Very Depressing.  I knew things were bad in the Oklahoma Oil & Gas Industry but I had no idea that it was this bad.  I must have reduced the Stock Market Prices Very Significantly, and some very substantially, of perhaps 90% of the Oklahoma Oil & Gas Companies from the Stock Market Pricing I performed the last time only four and a half months ago.

On October 31, 2014, the average stock market prices of the Oklahoma Companies, the clear majority of which are Oil & Gas Companies, had increased 365% from March 6, 2009.  On the most recent date March 13, 2015, this average stock market price increase from March 6, 2009, six years ago, for these Oklahoma Companies, the clear majority of which are Oil & Gas Companies, had dropped precipitously to 311%.

I would find it hard to believe that the US Federal Reserve would contemplate raising interest rates when you have the key Oil & Gas Industry, especially the smaller Oil & Gas Companies which are growing like weeds given so many larger ones imploding, being devastated financially like they clearly are presently.....and also when you have the very significant economic spillover effects to the many Texas Non-Oil & Gas Companies that has occurred in the past four and a half months.  Also, from my stock pricing, I can see that many small and medium-sized Oil & Gas Companies in US States other than Texas and Oklahoma have also experienced their stock market prices flat-out collapsing in the most recent four and a half months.

And lastly, the Accounting Reported Earnings of the Companies in the Oklahoma and Texas Oil & Gas Industry will have to be dropping precipitously in 2015 given the Asset Impairment Losses Under the Ceiling Test that must be reported under US generally accepted accounting principles if oil and natural gas prices stay so low.

Below here are the 23 Oklahoma Headquartered Companies with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 13, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.





Market Market Market






Price Price Price






% % %






Change Change Change



Market Market Market 3-6-09 12-31-07 12-31-07



Price Price Price to to to
Oklahoma Company HQs
3-13-15 3-6-09 12-31-07 3-13-15 3-6-09 3-13-15



$s $s $s











Gulfport Energy Corp Oklahoma City OK      45.06        1.56      18.26 2788% -91% 147%
Magellan Midstream Partners LP Tulsa OK      76.79      13.18      21.68 483% -39% 254%
Williams Companies Tulsa OK      46.14        8.03      29.22 475% -73% 58%
LSB Industries Oklahoma City OK      39.68        7.05      28.22 463% -75% 41%
Williams Partners LP Tulsa OK      47.08        9.23      39.20 410% -76% 20%
Sonic Corp Oklahoma City OK      32.76        6.57      21.90 399% -70% 50%
AAON Inc Tulsa OK      22.15        4.52        5.87 390% -23% 277%
Alliance Holdings GP, LP Tulsa OK      49.42      13.85      23.73 257% -42% 108%
Helmerich & Payne Tulsa OK      62.49      20.30      40.07 208% -49% 56%
Matrix Service Tulsa OK      17.76        6.11      21.82 191% -72% -19%
Continental Resources Inc Oklahoma City OK      41.30      14.34      26.13 188% -45% 58%
Orchids Paper Products Pryor OK      28.15      10.10        9.10 179% 11% 209%
Southwest Bancorp Stillwater OK      17.00        6.25      18.33 172% -66% -7%
BOK Financial Tulsa OK      60.38      23.31      51.70 159% -55% 17%
ONEOK Partners LP Tulsa OK      40.29      17.58      30.63 129% -43% 32%
BancFirst Oklahoma City OK      60.01      29.90      42.85 101% -30% 40%
Apco Oil & Gas Intl Tulsa OK      14.15        8.02      27.52 76% -71% -49%
Devon Energy Corp Oklahoma City OK      57.70      39.92      88.91 45% -55% -35%
Alliance Resource Partners LP Tulsa OK      35.27      24.75      36.27 43% -32% -3%
Unit Corp Tulsa OK      25.67      18.34      46.25 40% -60% -44%
Panhandle Oil & Gas Inc Oklahoma City OK      19.24      13.84      25.69 39% -46% -25%
Chesapeake Energy Corp Oklahoma City OK      13.80      14.06      39.20 -2% -64% -65%
SandRidge Energy Oklahoma City OK        1.48        5.41      35.86 -73% -85% -96%









Average % Change all above 23




311% -54% 45%