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Halcon Resources Corp. Message Board

  • bogwa1406 bogwa1406 Dec 19, 2013 3:05 PM Flag

    Winter starts Sat Dec.21st..and the NG inventory is already -7%. This is a bigger deal than more folks realize.

    Because of additional demand cheap natgas created we were barely keeping up with demand. Shale natgas has very steep decline rates and however deep this winter takes down inventories...it's not going to be rebuilt in short order. If Floyd can't post profits with what's going to occur in the next 3 to 9 months then he'll never post profits. I would suggest if indeed HK has good Utica prospects...he rapidly rethink his one rig strategy for 2014. At worst case anything that is worth anything in the Utica is gonna be worth a whole lot more. So Floyd can either produce what's in the Utica...or take advantage of better market prices and get the $$$$ while the window is there. JMHO GLTA

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