I'm glad I'm not the only one who caught onto this. I think absent of the HRB announcement during Qtr 3 earnings or the LA Energy Conf, in fact someone is pssssed off and hoping for a big sell-off. But that sell-off is not going to happen. Especially considering KWK is a pure play on NG, with price and demand increasing and drill rigs at historic lows, this stock has all the makings of a perfect short and long term investment.
I'm more confident than ever that this HRB deal will exceed our wildest expectations. And I don't say that blindly just "hoping" that something will materialize. I've read hundreds of pages of data re this HRB area and they have hit the mother load. This area, by some accounts is one of the top three largest reservoirs in the world. It's now just a question of monetizing the acreage with this JV so the LNG can be sent to Japan.
Stepping back and looking at KWK today, it's laughable the shares trade at $2.68. It should be triple that, even before HRB news is announced.
Can't post it here, but you chartists out there know what I'm looking at. Next stop $3.40 short term.
All bets are off with HRB news. Which by the way, I still think we get something in the next 2-3 weeks if not sooner. If you step back and look at KWK it's really a no brainer both short and long term. Although I'm the first to admit these daily price fluctuations can be rather frustrating and tough to watch.
For those thinking they will "time" the HRB news, good luck. If market cap of KWK is $500mm today and they seal a deal at north of one billion (I think that's too conservative) the share price and value of KWK could jump 100-150% instantly, or more. I invite you all to shoot holes in my theory, but if Darden is being straight about the HRB deal paralleling Barnett ($1.8 billion) then KWK becomes a $6 or $8 stock overnight. What am I missing here??
Have we not been through this so many times before? Still making higher highs and higher lows. No doubt many will regret not adding here at $2.57 low's of the day.
Totally agree. Down 5%, up 10%, down 4%, getting old. Wish they would break this HRB news and stomp out the shorts and traders that keep moving this around day after day. There is no doubt that this deal will happen, it's just a question of when and how much. Longs aren't selling here in any volume, this is just day traders hoping to make a few pennies on the long or short side.
Hope everyone got their fill today. Ok Glenn, now it's your turn. Show us the $$$$$$$$$$$$$$$$$$
A multi-million dollar deal will crush KWK. Think multi-BILLION and share price will jump.
If NG goes to $7 by next year KWK should be in double digits. The profits will increase substantially over $5. At $7 NG KWK becomes cash cow...drinks on the deep pocket captain if KWK hits $8.50. Wish I had 176k shares myself...
That's what your seeing right now. Small trades executed over and over for lower ask. Wait and you'll see a few big blocks come thru at $2.80 range now that the SP has been dropped. Funny that more people aren't buying this dip with eminent HRB news approaching.
This is why I hate MB's. Comments like "someone is unloading and heavily" is absolute drivel. Look at the trades this morning- no on is unloading heavily and the volume is barley 1mm. If the volume were 3 or 4mm I'd say there is above average activity.