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.
Yes, I check every day once or twice. Been waiting for HRB for well over a year. I for one think news is coming any day and could immediately add a few billion to KWK value with the announcement. Interesting Glenn is speaking after market close this Thursday.
Have both ACI and KWK. One for coal one for NG. I expect both to keep climbing into Jan and beyond.
Looking at temperatures across the nation and dlights drawdown stats there should be another massive decline in NG inventories this week. At what point is continued demand so high that we get a supply shock price spike? Three weeks or four or five weeks? How many weeks of 4-5x normal drawdowns and disrupted production (in Texas) until the price of NG shoots to $6 or $7? If this keeps up KWK should have a really good 4th Qtr.
Maybe we'll know about HRB next Thursday. Interesting Glenn is speaking after market close. I'm looking for that big swing up, certainly well above $3.
Interesting how KWK could go from $43 in 2006 down to $3 today. Looking historically at KWK, one knows this could someday return to double digits in near future.
May 3, 2006 9:31 AM
UBS Affirms Buy and Target $57
UBS Investment Research
First Read: Quicksilver
1Q Results a Touch Light
Rating Buy 2
Global Equity Research
Price target US$57.00
Goldman Sachs; $57 target
Quicksilver Resources (IL/A): Optimization, exploration catalysts expected towards 2H 2006
February 24, 2006
As the Horseshoe Canyon coal-bed methane play moves closer to steady-state development, the key drivers of performance for Quicksilver Resources will be based on execution in the Horseshoe Canyon, successful development drilling and infrastructure optimization at the Barnett Shale and the potential for new meaningful unconventional gas opportunities in West Texas and Canada. Like many growth E&Ps, Quicksilver shares have been very weak year-to-date. As a result, shares are more attractive with 50% upside to a $57 traditional peak value. Our IL/A rating is reflective of the need for a catalyst, which may not occur until the 2H 2006 following greater clarity on Canada development weather impact and exploratory results