These guys are a disaster. How do you miss restating the Q4 not once but 2 times? Looks like they presented the same tired slide deck at the conference today. So nothing new reported there. Not feeling too good about my investment here. I'm hoping for dead cat to get out of thing.
Insider trading is a legal term. If you know they traded on inside information, you should go to the SEC. If they simply sold because the company was doing poorly, that isn't insider trading as I understand it.
Niobrara is neither here not there. The whole show is nat gas. Everything else is noise until proven otherwise.
try to control your enthusiam concerning the niobrara until they actually are able to book some proven reserves
the proof about insider trading on facts not yet available to the public is there for everyone to see, including the sec
Look, operational issues aren't the reason this stock is down. The stock is down because the sector is down, and the sector is down because natural gas is down. If natural gas reverses, so will this stock. I ignore all operational issues at this point. They're 100% irrelevant. Watch the price of natural gas and that will tell you everything you need to know about KWK.
techsan, your point is well taken, their first estimate in feb was double what they reported in march, which was still four million too much according to the numbers reported today.
this type of thing makes an investor wonder what's going on, and also if one can believe the numbers being reported.
such as do shale wells in the niobrara really produce half a million bbls of oil with an ip of 70
might also indicate why the cfo checked it to them. he was well liked, but this report was not his best effort.