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We're just sayin'.

The price of stock in Maverick Oil & Gas Inc., a Fort Lauderdale, Fla., company exploring the Fayetteville Shale Play in north-central Arkansas, bottomed out last week at 2 cents.

And the company told the Securities & Exchange Commission that it couldn't file its quarterly earnings report in July as scheduled.

Maverick is one of the also-rans in the great gas rush. In early 2006, shortly after announcing the hiring of former Pulaski County Sheriff and U.S. Rep. Tommy Robinson as a lobbyist, Maverick's stock price was in the $1.50 range.

No wonder the company has told the SEC that it plans a reverse split.

The major players in the Fayetteville Shale have seen their stock prices swing pretty widely during that time as well, but they seem to have righted themselves while Maverick continues to sink.

Chesapeake Energy Corp. of Oklahoma City (NYSE:CHK) has been trading back in the $35 range, above its share price at the beginning of 2006, and Southwestern Energy Co. of Houston (NYSE:SWN) stock had regained $40 per share last week after dropping from a 52-week high of $50.52 in mid-June.

We'll have to start watching PetroHawk Energy Co. of Houston, the newest of the publicly traded gas explorers to make major investments in Arkansas. Its stock was trading around $15 last week after topping out at $17.50 in mid-June.
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Title Annotation:Whispers; stock prices of Maverick Oil & Gas Inc., Chesapeake Energy Corp. and Southwestern Energy Co.
Publication:Arkansas Business
Article Type:Brief article
Date:Aug 6, 2007
Words:229
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