Patience is all you're missing... whether they like it or not...HK has significantly raised their production results in the two cores with the slick water fracs. Those results are coming with the production season. "IF" HK does hit decent wells in the TMS then all current negative sentiment will fly out the window. The smart shorts covered down around $3.20....HK is every bit as risky for shorts right now as it is for longs...if we were going into winter I wouldn't touch the stock...but as we are entering warmer weather production will climb and so will the pps..at least my "wager" is placed on that outcome. I think I'll make $$$ on the seasonal results...but if the TMS does end up being a valid play...I may hold longer but I'm no fan of Floyd. JMHO GLTA
Many gurus would consider HK as close to worst of breed. Based on simple technical aspect (disregarding the asset potential), HK is close to worst of breed if not the worst. That in itself explains the price action. Until another large player starts to buy, HK will remain "dead money". Personally, as long as management doesn't throw a bombshell on longs, I don't care if it slides further because my remaining shares are there for the long term and if the stock ever gets north of 7 it will be worth the wait. If it dips below 3.60 I will consider adding at small increments.