Overall, it was a quiet week for the market, as it barely budged. However, several energy stocks ran out of gas as shares of Quicksilver Resources (NASDAQOTH:KWKAQ), Phillips 66 Partners (NYSE:PSXP), and Ultra Petroleum (NASDAQOTH:UPLMQ) all took a plunge this week.
While share prices of these stocks all took rather large plunges, the news that caused the dives wasn't all that big. In fact, Quicksilver Resources' big plunge was fueled largely by rumors. Meanwhile, the only company that delivered real news was Ultra Petroleum; however, that news wasn't as big as investors made it out to be.
To better understand why these stocks were crushed by the market this week, I created the following slideshow presentation. It takes a closer look at what caused the crushing blows to Quicksilver Resources, Phillips 66 Partners, and Ultra Petroleum, and it points out which stock is likely to recover the quickest from its dive.
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Matt DiLallo has no position in any stocks mentioned. The Motley Fool recommends Ultra Petroleum. The Motley Fool has the following options: long January 2016 $25 calls on Ultra Petroleum. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.