Quicksilver Resrcs downgraded to Hold at MLV & Co (1.75 )
MLV & Co downgrades KWK to Hold from Buy. Firm is admittedly, late to the party, but with no expected good news for gas prices and continued uncertainty regarding the timing of operational and deleveraging catalysts. Firm continues to wait for a Barnett monetization event or a Horn River or Permian JV. While it acknowledges that KWK cannot control market dynamics, firm also thinks the Co is taking too long to delever the balance sheet and move toward more balanced production.
Company taking too long to delever, got to love these analysts. Ie commercial code for...KWK is going bankrupt.! Thats what happens when you can't deliver or firm up balance sheet. Too funny, shoot its over .35 below where i covered. Its total #$%$ shoot now. Like OSG's bk its interesting to follow.
Hello, just the facts, Why would u cover if your soooo sure we have a BK here, and why wouldn't you short it again now ??? and why would KWK be holding at this level if BK is around the corner?? Also there are two sides of a trade who would buy this if BK is just around the corner?? can't be just me can it??? Thanks RH