At this pace will break $4 before Nov, and maybe $5 by Dec. Horn River has 14 trillion CFE of NG resource. Seems KWK PR needs to start advertising a bit more and help add some shareholder value.
I think this is just a precursor to the HRB JV news- lots of people sitting and waiting including the shorts. Once that news is released, assuming it's similar to Barnett valuation, the $2.60 you mention should be a distance memory. As NG spot price continues to increase the assets of KWK become more and more valuable. As far as I'm concerned the assets are severely undervalued at this price and once they are recognized at fair value the stock should move appropriately. When the stock starts moving again it will rocket higher because of the lower float and the high short interest. All just my theory....
Right. Hopefully they really pour on the PR here shortly. Too many good opportunities being wasted by KWK not tooting their own horn more often. Still think this is a $5-$6 stock at least, maybe a lot higher if HRB and West TX come thru.
ES will need to drop 3% in a day before they reach a deal. Deal next Wednesday or Thursday right at the deadline. It's all theatrics.
West TX sounds as good as Barnett and HRB and Sand Wash. That begs the question why is KWK trading at $2.42. Seems like a steal to me. Hope KWK PR shares some positive news in the next week or two.
Can't seem to pinpoint the proximity of KWK's West TX acreage relative to where Pioneer is drilling. Bigger question, does KWK have oil in West TX or just NG. Oil in West TX is another game changer.
I'm not a chartist by any stretch, but I don't see any resistance here until close to $3. A positive announcement about HRB could cause share price to blow thru $3 and beyond.
Wake me at $6. With a down market and a 4% gain it was a good day. But I'm still waiting for a 25-30% one day gain. I think we'll see it in the next 30 days pushing KWK over $4. Earnings call will shed some light on how close a HRB deal really is.
I think the fear of debt goes away just with HRB. Then Sand Wash and West TX are both all gravy. Let's see, a market cap of 350mm. Value could triple in short order. Share price to $5-6 if HRB JV is a big winner. Do the math, if HRB is comparable to Barnett (25% interest $485mm x 4 = $1.9billion) then KWK has all debt covered plus JV partner for development costs (Discovery LNG) plus capex money for West TX and balance sheet value over $1 billion. This is gonna get good. It's all up to HRB. If that falls short we're stuck.
A few more block purchases like that in the same day and KWK could easily jump 15-20%. But really, all things considered, if HRB JV is comparable to Barnett value, this should go to $5-6 easily. We should all know in the next 80 days or so- or any day now....good announcement and any remaining shorts will suffer big loss.
I've pointed out a few times where Darden had explored taking KWK private when share price was almost $15 a few years back. Here we are now at $2.40 with the same assets (-25% Barnett) and presumably talking with Tokyo Gas and a few other international players. KWK seems like a steal to me even at $5-6 range.
Strong upward momentum in a down market. Watch this rip once the jokers in DC reach a deal.
19:04 $ 2.22 Low 300
18:10 $ 2.28 400
18:10 $ 2.28 100
18:00 $ 2.23 201
18:00 $ 2.23 1,000
18:00 $ 2.23 739
16:02 $ 2.3392 47,000
16:01 $ 2.4129 High 81,500
Read more: http://www.nasdaq.com/symbol/kwk/after-hours#ixzz2gnaVBVXl