i bet there are alot of people like me who expect kwk to beat the forecasted -.02 eps this first quarter, sure would be nice to have consistent good news for a change. this along with the Tokyo gas deal could push the pps towards $4, any thoughts?
I fully expect KWK to met or beat Q1 estimates for several reasons. Restating and re-adjusting the accounting methods will allow them to more closely align expense to revenue. Second point, NG prices are trending well which will only improve the performance. Third point, Tokyo Gas deal is a much needed infusion of cash that takes a lot of pressure off internal cash flow issues. Fourth point, new board member with private equity knowledge? These are all signs of more investment coming into the market. Foreign markets are very interested in buying into the New Generation Gold Rush! 2.25 is a steal for this company, i expect a very large move this week as the very large short interest begins to cover based on the good news this weekend. 2.75 by next friday mid-day. 4 will be a long shot in fy2013 because there are too many day and swing traders taking profit on this stock! Mid 3's by summer for sure. Loaded up in the 1.90's, buy the bad..sell the good!