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Quicksilver Resources, Inc. Message Board

  • aruba270155 aruba270155 Mar 7, 2013 7:30 AM Flag

    MLV & Co downgrade:

    Quicksilver Resrcs downgraded to Hold at MLV & Co (1.75 )

    MLV & Co downgrades KWK to Hold from Buy. Firm is admittedly, late to the party, but with no expected good news for gas prices and continued uncertainty regarding the timing of operational and deleveraging catalysts. Firm continues to wait for a Barnett monetization event or a Horn River or Permian JV. While it acknowledges that KWK cannot control market dynamics, firm also thinks the Co is taking too long to delever the balance sheet and move toward more balanced production.

    Sentiment: Hold

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