Why These Energy Stocks are Losing This Week

3. BKV Corporation (NYSE:BKV

Share Price Decline Between Oct 3 – Oct 10: -14.95%

BKV Corporation (NYSE:BKV) produces and sells natural gas in the Barnett Shale in the Fort Worth Basin of Texas and in the Marcellus Shale in the Appalachian Basin of Northeast Pennsylvania.

BKV Corporation (NYSE:BKV) surged by over 14% in the last few weeks, primarily due to a sharp increase in the price of natural gas. However, the stock plummeted heavily this week as part of a wider drop in the overall market following the rising trade tensions between Washington and Beijing. China tightened export controls on rare-earth minerals, prompting the US to threaten more aggressive tariffs on imports from the Asian country.

The recent downturn in BKV Corporation (NYSE:BKV) could be attributed to profit-taking by investors amid prospects of an economic slowdown, as well as the 6.5% drop in natural gas prices.

It should also be mentioned that BKV Corporation (NYSE:BKV) recently filed a shelf registration prospectus to offer up to $1 billion in mixed securities and to register 63.88 million shares of common stock for sale by the selling stockholder.