- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
"The worst thing is the devil you don't know," says Fadel Gheit, senior energy analyst at Oppenheimer.
The selloff in oil prices is expected to spur more energy mergers next year, as giants such as Exxon Mobil, Chevron, Royal Dutch Shell and Total snap up weaker players.
Quicksilver Resources (KWK) shares are down sharply after having its price target cut to $1 from $4 by analysts at Howard Weil.
Trade-Ideas LLC identified Quicksilver Resources (KWK) as a weak on high relative volume candidate