Wachovia Downgrades Quest Energy Partners (QELP) to Market Perform
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Wachovia downgrades Quest Energy Partners (Nasdaq: QELP) from Outperform to Market Perform, following the resignation of CEO Jerry Cash in connection with an inquiry from the Oklahoma Department of Securities about the questionable transfers of company funds to an entity controlled by Mr. Cash.
The downgrade is related to the heightened risk profile of the partnership in light of the inquiry.
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