Blog > Oil and Energy > Update: Rex Energy Corporation (REXX:NASDAQ) is up 40+% in less than a month
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Update: Rex Energy Corporation (REXX:NASDAQ) is up 40+% in less than a month

Posted April 18, 2008

by J. Christoph Amberger

Baltimore — (TFN): Looks like our own Laura Cadden has single-handedly beaten every financial editor we’ve been following in the last month, thanks to her March 19 recommendation of Rex Energy Corporation (NASDAQ:REXX). Her recommendation is up 41% in less than a month — making Ms. Cadden the hardest act to follow in the financial advisory industry.

(Speaking of which: After 20 years in that industry, I can barely contain the urge to annualize those gains!)

On April 7, Rex had filed with the SEC for an offering of 8 million shares. The company plans its share of the net proceeds for its capital expenditure program and for “other corporate purposes”.

As a wily stock watcher observed in one of the public forums, the stock was recently upgraded to a buy by an analyst from KeyBanc Capital. Since KeyBanc is also underwriting REXX’s latest equity offering, that isn’t a coincidence. The upgrade should be taken with a grain of salt.

laura cadden\'s recommendation of rexx gained 40% in a monthAt today’s $22.62, however, you’d be up over 41% over Laura’s initial recommendation. Her verdict: “Sell at $24 to take home a clean 50% gain.”

Don’t miss out on Laura’s latest Hot Stock Pick of the Week!
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Posted by J. Christoph Amberger · Filed Under Oil and Energy 

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