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Halcon Resources Corp. Message Board

  • merovingian123 merovingian123 Nov 5, 2013 4:53 AM Flag

    Production Guidance Mystery

    Why have insiders bought 700k shares in August? Seems strange if they expected reduced production .
    Maybe someone brighter than I am can explain?

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    • I'll give you one these E&Ps didn't see. WTI (drives pricing) is dropping because oil storage is building up fast. They can't get high volumes to the E&W coast refineries by rail. The gulf port refineries are drowning in oil. So while we are still importing as a nation, oil has reach saturation sort of like Nat Gas and if they continue pumping wildly, the price will drop further hurting returns for the higher cost E&Ps.

      This country needs an energy policy to either allow crude to be exported or build some infrastructure to supply the rest of the country. Rail just ain't gonna cut it. So the smart ones a pulling in the reins.

      Sentiment: Buy

    • IMO, They Expect very high production, yet they would rather be conservative in their estimates.Makes them look better. Also gives others a chance to accumulate more shares @ a lower price. When I first bought HK in August, I said it was a 6-24 month Buy & Hold.

      Sentiment: Strong Buy

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