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Halcón Resources Corporatio Message Board

  • valueman60 valueman60 Nov 13, 2013 8:55 AM Flag

    re the SA article by Value Digger


    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.

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