I have credentials, but for various reasons will not expand further (mostly related to privacy). The timing of this call was unusually lucky as per a 24hr reversal after purchase...but that said a move like this was inevitable if you have the view I do.
1) Earnings call in early November is going to be good (my premise)
2) Short-term instiutions with the same premise that can move the stock will come in before earnings...so sometime in October
3) Shale stocks have moved up a lot, so the differential on a per flowing barrel basis is getting too large to ignore, so you might want to get in even earlier in October.
I hope the move today clears the overhang and the stock will grind higher over the coming weeks heading into earnings. $6 by November earnings release date would be great
Let me help him. All three of his points are good. HK spent most of last year acquiring property and this year drilling all out. As far as point three he is spot on about the shale stocks. I also own KOG and it is up over 50% form this year's lows.