Pennsylvania-based Marcellus driller Rex Energy, which we’ve long called our “little energy company that could, and does,” has taken a beating in the stock market. Rex’s stock is down more than 80% over the past year (down 37% in the past 3 months) and the company appears on David Fessler’s “Oil Company Death List” (see 19 Oil/Gas Companies on “Death List” – 8 are in Marcellus/Utica). Is it curtains for our little Marcellus driller that could? End of the line? Dallas Salazar, an analyst at CapGainr in Austin, Texas who writes for the Seeking Alpha investors website, says don’t sweat it–Rex is going to be “just fine”…
Pennsylvania-based Marcellus driller Rex Energy, which we’ve long called our “little energy company that could, and does,” has taken a beating in the stock market. Rex’s stock is down more than 80% over the past year (down 37% in the past 3 months) and the company appears on David Fessler’s “Oil Company Death List” (see 