Oklahoma Politics News

Shares of Dollar Thrifty Automotive Group jumped 8 percent in after-hours trading Tuesday following a 14.8-percent profit surge by the struggling vehicle rental company. “Obviously investors were hungry for Dollar Thrifty,” said Tulsa securities analyst M. “Jake” Dollarhide, noting these shares have risen more than 1,100 percent this year. “They wanted to know not only if Dollar Thrifty would survive but whether they would do well against competitors. Obviously they’re giving investors exactly what they want to hear.” After Wall Street’s regular session closed, Tulsa-based Dollar Thrifty posted second-quarter net income of $12.4 million, or 55 cents per diluted share, up from $10.8 million, or 49 cents, the prior year.

GMX Resources on Tuesday announced a letter of intent to sell an interest in its Endeavor Pipeline assets to Houston-based Kinder Morgan Tejas Pipeline for $40 million.

Chesapeake Energy Corp. CEO Aubrey McClendon said Tuesday that he expects natural gas rig counts and prices to rebound significantly within the next year.

Developers have fewer new subdivisions in the works, which could be good news for home sellers.