January 30, 2016 - 8:16 PM EST
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The Oklahoman, Oklahoma City, Eagle and Beagle column

Jan. 31--Eagle

It was a TGIF kind of week for our eagle stock.

Shares of

Tulsa
-based Midstates Petroleum Co. Inc. posted a 29 percent gain last week, with the lion's share of the advance coming in a hectic Friday rally that added nearly 18 percent to the stock price amid heavy trading. The stock closed at $1.02.

That's the good news.

The energy issue remains a volatile investment that has shed more than 90 percent of its value over the past year as commodity prices tumbled.

Despite last week's impressive gain, MPO would need to climb another 50 percent to regain the price it posted a month ago.

But in the oil patch these days, you take your wins where you can.

Beagle

On the other hand, it was a blue Friday for our beagle stock.

Tulsa
-based Rose Rock Midstream units slipped more than 15 percent last week, capped off with a nearly 5 percent loss Friday.

RRMS set a new 52-week low of $10.76 on Friday before closing at $10.98.

Rose Rock gathers, transports, stores, distributes, and markets crude oil across a multi-state region and owns more than 30 crude oil storage tanks in

Cushing
.

Even though crude prices have rallied to three-week highs in recent days, the prices remain seriously depressed from the good ol' days of 2014.

RRMS investors have to hope that the crude price rally continues, and that the latest low is the bottom.

Eagle & Beagle is a weekly look at the state's high-performing (eagle) and low-performing (beagle) stocks by Business Editor Don Mecoy.

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Source: Equities.com News (January 30, 2016 - 8:16 PM EST)

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