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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 19, 2005
Page
14
Key Energy Services said it will not file its 2004 Form 10-K on time and plans to file by June 30. The Houston based firm also has not filed its 2003 report due to a companywide fixed assets restatement. If 2003 filing misses March 3, NYSE may suspend trading.
Investors face stock and fuel bill impacts as crude oil futures rise above 56 dollars a barrel. Analysts warn against rushing into energy plays, noting varied short term paths and the risk of a market crest followed by a drop.
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