Several days ago we exchanged some posts on MHRs prospects and Cincyys potential short views and, in the message thread you offered two thoughts: first, HK will dip to $7.50 as an attractive entry point before an anticipated rise to $9, and second, Louisville to win it all in hoops. I hope you are right on both counts since I like Louisville and I purchased a slug of HK below $7.50 this morning. Go Cardinals and HK!
I will let my results speak for themselves lol
the Utica results will be out for HK within the next two weeks and if they are good( and i know they will be)7.50 is going to look awful cheap with 200,000 acres
nice move LEX
Well (pun intended), thanks for the input. Always nice to get a quick post-purchase bounce putting you up about $2k after a couple of hours. Hope it continues. Yes, I was aware of the well result potential after reading about 3 weeks of HK board posts (including several of yours on the point) and reviewing the last few press releases.
But one thing I was not clear on was where HK's acreage is and where the well results were coming from. Would you mind helping me out with this? I thought I understood some of your points to suggest that the HK acreage effectively surrounded the MHR acreage, and I thought you were talkng about Ohio/Utica acreage. Is that right? But the well results are not coming from that acreage, but rather the two Pennsylvania wells; correct? Is there reason to expect the PA well results will be oily even though they are in the eastern side of the play (or is your expectation simply big volume with big NGLs)? Thanks for the input