Oil patch E&P (hedged or not) stocks are going down, holding hands--following WTI. I've been on the side since yesterday
Can someone supply estimate total rig count, Tuscaloosa Marine Shale this year and number of wells to be drilled? (Total for all companies, not just Halcon.) Thanks
I agree, I should have added what you said, Utica can be drilled or sold soon, or kept as part of the final Halcon package when it is put on the market three years or so from now. As time goes by Utica will be worth more. Listen, it's like this: shareholders have hired Floyd Wilson and his crew to lease the best land and drill the best wells--and to sell Halco Resources for a fat profit. For $4.08 per share you get $$$ income and increased reserves from Bakken and Eagleford, and a 14 well wildcat bonus in the TMS this year--not mention, all the other companies drilling the TMS (which, if successfull) will attract more drillers, and on and on.
It's a real estate game. No secrets in the Bakken or Eagleford. Floyd's is rolling the dice on the Tuscaloosa Marine Shale. This play is going to prove out, this year, one way or another. As a shareholder, your are NOT betting on Halcon Resources, you are betting COLLECTIVELY, on ALL the TMC drillers. If this play really shows signs of being derisked/ proven, Floyd has prime real esate for drilling, sale, trade or leverage as needed.
After the long downtrend, There are alway shareholders wanting out at a certain(their) price. But the good news is... from $3.18 to $4.08 shareholders are all above water. And, as the price goes up, many overhead supply sellers will decide to hold on, asking themselves," Why did I buy this in the first place?" (to hit a homerun in the oil patch.) Has anything changed? Yes, Utica's gone, Eageleford and Bakken are making money, with more to come, and the Tusaloosa Marine Shale is Babe Ruth, pointing toward the stands and grinning that Babe Ruth grin.
Encana, Goodrich, and Halcon. If any one hits they all hit-- and the race is on. Outside $$$/drillers/ stock traders/investors will want in. Build it and they will come. And Halcon already has steady income $$$ and chance for expanding reserves/production in the Eagleford and Bakken to boot.
For $3.85, right now, this is a cheap powerball ticket.
!0X for Halcon if TMS plugging/ debris issue gets solved. The play will prove up quickly after that. New drillers will flood in. And that will prove out more. Rinse and repete.Drill, Floyd, drill. You got the money and the know how, common shareholders got your back.
and buy more now. Risk/reward is way better than a card game. Not often you can buy a kicked down oil E&P co. that can excite outside money--not to mention: Apalo funding TMS? Franklin Templeton , Canadian pension fund, HC insiers, the Hunt family, etc.
Bet big... win big.
and remember... overcoming the horizontal TMS plugging by HK, GDP, or ECA is jackpot win for anyone who owns shares in these companys. They have entered into a information sharing agreement.
TMS (Tuscaloosa Marine Shale) is the HK end game. If GDP or ECA or HK suceed in drilling BELOW the rubble or figure out somthing to keep the horizontals from plugging up the TMS is going to going to bust wide open. Quit kidding yourself . HK is not an investement. It's a 10x "swing for the fences" gamble. If the plugging issue is solved everyone is home free. If it isn't---HK shares are toast.
ECA, GDP, HK holding hands--looking for answers...sharing information.
Buy shares in this venture now @$3.66 Halcon Resources
Floyd Wilson and his team of four hundred plus drilling/ veterans/professionals have staked a big claim in the Tuscaloosa Marine Shale. They are going to drill/prove out this claim for free, using the cash flow from the Bakken and Eagleford.
There is nothing else in the oilpatch like Halcon @$3.67 per share.
Chance for a way big win if you buy now.
I spent my last $$$ this morning
All in Halcon/ Tuscaloosa Marine Shale.
The longer you put it off, the more of your profit you will return to the longs. Cover now or pay more later.
"No one ever went broke taking a profit." J.P. Morgan
The best brains of three experienced operators are jointly on the case. One wins they all win.
It's going to happen--and soon. To much oil with easy take away and premium price. Lot of $$$ locked up in TMC. HC will expode when laterial question is answered. Buy stock today--brag to your family and friends down the road.
This ain't the #$%$ utica, folks. TMS is right in Floyd Wilson's back yard with great take away and premium prices for crude oil. It's going to be vintage Wilson from here on out. Land buying is done. Floyd is selling excess land now. Not buying. Drilling his best proven assets to fund the B-I-G O-N-E ! Tuscaloosa Marine Shale. If you can buy and hold at these prices, serious money will be made in due time. Even though it will not happen overnight this is the final move for Floyd Wilson. Prove up the TMC and sell the whole kit and kaboodle to a major or super major. Buy more today. Do not sell.
See new presentation, posted on company website today.
My take away? Tuscaloosa Marine Shale will be the main excitment from here on out. Bakken and Eagleford will provide the $$$ to proceed. Note: from the presentation "data sharing agreement with ECA and GDP will provide technical/operating visibility ascross the entire play." (Now there are three teams of the best hoizontal operaters in the business working jointly to crack the TMC code.)
I'm buying more tomorrow morning.