a very unbalanced article.
He ignores all the positives coming out from the Bakken and El Halcon,
Furthermore, he is factually wrong in his "current production rate of HK". He takes the avg of the 3Q production figure of 37,200 and after backing out the 4500 for the divestiture, uses it as a current rate of production. This is completely wrong. Even at the end of the third quarter the figure was higher, as the average figure includes periods of time early in the 3rd quarter when production was much less. Additionally since the end of the third quarter, HK has brought on very significant production in new wells , as many on this board are posting about, so their current rate has increased over the exit rate of the 3Q.
Smart money will use any weakness brought about by his fraudulent article, as a buying opportunity.
hmmm pretty positive on HK here but stock did not bounce so you had to go back to your negative views... flip flop .... you see Valueman talks out both sides of his mouth, fake followers, pompous answers, etc.etc.
"To all my followers" November 13, 2013
"SMART MONEY WILL USE ANY WEAKNESS AS A BUYING OPPORTUNITY"
At the very end of his article, the author states that he may initiate a short position in the next 72 hours............showing that he's NOT short now, and isn't brave enough or dumb enough to go short at this level. Likely he is looking to see if he can help edge the price down, so he can go LONG.
Valur Digger has been spot on but in this article I think its pretty clear he hasnt looked into the conference call. Unfortunately I think his analysis is what the broader market will agree with his analysis. HK may hit the low 4's in the next few weeks.
Raise cash folks for another entry poiny. I'm way long on HK. We have the acerage in El Halcon to concentrate our position as a unique player. We have heavy, heavy insider buying - the heaviest Ive ever seen in my investing career. We have Floys Wilson. Be patient and we'll be rewarded. This is an easy 2 bagger I had originally hoped for a 5 bagger but im not speculating anymore based on this call. We know more about what HK will become from this call than in the past. This is a safe 2 bagger play in my opinion but it will remain volatile.