Are These 3 Stocks In Good Shape? Hecla Mining Company(HL), Laredo Petroleum Inc(LPI) and BreitBurn Energy Partners L.P.(BBEP)
New York, NY – GDP INSIDER – 03/10/2015.
This article discusses three companies: Hecla Mining Company(NYSE:HL), Laredo Petroleum Inc(NYSE:LPI) and BreitBurn Energy Partners L.P.(NASDAQ:BBEP)
Hecla Mining Company(NYSE:HL) continued to fall yesterday closing down 6.06% or $0.18 at $2.79 on lower than average trading volume of 6.183 million shares. The precious and other metal exploration and mining company has been hit hard over the last few days as silver prices continue to fall, a situation that has been exacerbated by the surging dollar. With RSI of 32.19 and positive quarterly revenue growth of 6.8% year on year, Hecla Mining Company still has plenty of upside, once the downward pressure on commodities begins to subside.
Laredo Petroleum Inc(NYSE:LPI) had a slow trading yesterday with the stock gaining 0.09% or $0.01 to close at $11.64 with only 3.772 million shares changing hands, compared to its three month average trading volume of 5.835 million. The mostly US focused oil and gas development company has been declining most of the year and has been underperforming the S&P 500 since August. The stock has now down 55.89% for the last 52 weeks compared to the S&P 500 which is up 10.72%. Once oil starts to recover, it will be the time to buy back in.
BreitBurn Energy Partners L.P.(NASDAQ:BBEP) continued to suffer from the decline in oil prices yesterday, with the stock dropping 6.93% or $0.52 to close at $6.98 on very light trading volume of 2.745 million shares. The crude oil and natural gas producer has even bigger problems ahead as it is currently using $2.2 billion of its total borrowing capacity of $2.5 billion with the bi-annual review of its credit facility due in April. If the credit facility gets trimmed, then BreitBurn Energy Partners L.P. could be forced to find alternative funding sources, putting further downward pressure on the stock.
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