|
|
Article: PrimeEnergy leads small E&P firms posting big share price gains.
- Article from:
- The Oil Daily
- Article date:
- July 12, 2005
- Author:
CopyrightCOPYRIGHT 2005 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Small exploration and production companies capitalized on high--but volatile--commodity prices last week to post the strongest share price gains in the energy sector, according to consultancy John S. Herold.
The top gainer was Connecticut-based PrimeEnergy, which saw the value of its shares skyrocket by more than 47% after Fortune magazine included it in its list of the "Top 100 Fastest Growing Small Public Companies in the US" in the July/August edition. With a market capitalization of just under $159 million, PrimeEnergy is engaged in the oil and gas business through the acquisition, exploration, development, and production of crude oil and natural gas across ...