sleepingoneoff2 is a sleeping moron
Sentiment: Strong Buy
Yo, tucker my son. What did I tell you. Do your DD before your post here.
Now, Floyd is showing how he is managing the debt. I really like Floyd's way to handle this.
“Once this exchange offer closes, and as a result of the steps we have taken this year to improve our balance sheet, we will have reduced our long-term debt by more than $1 billion and lowered our annual cash interest expense by more than $50 million."
Last night, I heard from you M0M, who said you are lake of knowledge on handling the debt. No wonder you keep posting msgs and said HK has a big debt problem without any explanation. My son please do your own study before you trying to scare off people. BTW, I did your M0M 1000 shares and wish her luck. We did have a good time.
RS, buy back shares, and drilling activities reduction are three major tasks that HK will focus on in order to enhance the share price. With the so low share price, it is very easy to achieve by the company.
I am looking forward to seeing these occurring in a short term - 4 month. The share price should be doubled by then (54 c/share).
If 100 million shares are bought back, it is about 16% reduction of outstanding shares.
Currently, we have 30% short ratio (including the estimation of shorted shares this week). After the buy back, it will increase the short ratio to 48%. Thus, short squeeze is inevitable, if the Oil price go back to $50.
After RS, the PE ratio will be 5 times less, and EPS will be 5 times more than before.
I am expecting 20 cents per share for a quarter after RS, and $1 for the whole year, if they cut the drilling activities by 50% next year.
just cost them 33 million dollars. It is just ~30% of the expense of their drilling activities.
Buy back shares plus Reverse Split 5 to 1, shorties will get trapped on no shares available to short.
HK $80/barrel hedging and 20k barrel/day production will make HK profitable for the entire 2016 year. Now if the outstanding shares is reduced 100 millions, then their PE ratio should shoot up big in 2016.
Also Oil may go back to 40 to 50. HK will get doubled easily.
10 millions is just ~10% of their budget, they can buy back around ~30mil shares
it is an easy task for them.
After RS, the shares are reduced 20% of original. Shorties will get higher risk to short. Their risk is raised by 80%. That is the reason why they want to play short now before RS to shake more weak hands out.
BTW, their hedge in 2016 is $80/barrel, current price is 34/barrel, and their cost is $17/barrel. They make 17/barrel even now without hedging. They still have room for oil price to drop. Of course selling land is an option to save the company in 2017.
HK will not go BK with their 2016 hedge and large land assets as a financial support.
If HK don't do further expansion on their drilling and completion activities, their production cost is $17/barrel.
Saudi is running into their financial problem. It will get worse on the 2nd half of 2016.
Hold your share tight until $1 (before RS price). Your money will at least get triple from here. HK was still above $1 last quarter. This is once in your life time.
The MB has a lot of paid basher tucker, illman.... They are nothing, but get paid $7/hr. They just sit here everyday and bash all positive msg.
Moreover, tucker and illman may be the same guy.
Sentiment: Strong Buy
I guess all investors know the risk of stock investment. If you are a paid basher here, shame on you.
illpay4 is sickman, what you are talking is a commom knowledge.
It looks to me that you are very short and impotent.
It is B*S. Why don't you show your balance sheet analysis? Their cost is $17/barrel.
If they don't expand their rig and just pump the oil, they would have made money. They can do so in the future.