"Last Split Factor (new per old)2: 1:3
Last Split Date3: Feb 10, 2012 "
This is all old Floyd has left to do so he can save face among his peers .Rinse and Repeat .Might be as early as Jan 2015 when he makes the call ?
HFT got a hold on this stock right now also .0000 to the right isn't a good sign .I bailed @ $2.83 avg on 30000 shares this a.m.
buy to cover .Any price prediction any one willing to share ? I'm half tempted to say $2.8ish ? A double bottom @ $2.38 would be too much to assume but then again if oil does drop below $77.00 who knows ??? If F.W. doesn't come through in the E/C update .Either way I will cover in the A.M.
CNBC concerns are Halcon Resources fell more than 7 percent in extended-hours trade after the oil and gas producer said it is cutting about half the rigs it had planned to operate next year because of the slide in crude oil prices.
Halcon also provided reduced preliminary guidance for the full year 2015. Thanks to lower oil prices, the company now expects to operate six rigs in 2015, five less than originally planned. Halcon also issued a preliminary drilling and completion budget for 2015 in the range of $750 million to $800 million.
Separately, TheStreet Ratings team rates HALCON RESOURCES CORP as a "hold" with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate HALCON RESOURCES CORP (HK) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity."
HOUSTON (AP) _ Halcon Resources Corp. (HK) on Monday reported earnings of $197.6 million in its third quarter.
On a per-share basis, the Houston-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring gains, came to 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The independent energy company posted revenue of $306.5 million in the period, which also fell short of Street forecasts. Analysts expected $315.6 million, according to Zacks.
In the final minutes of trading on Monday, the company's shares hit $3.25. A year ago, they were trading at $4.70.
A repeat of 2012 Feb 10th 1-3 R/S is in the cards ? F/W has no other cards to play .Less rig's is a bad thing going forward .
Don't agree with your BK as of now .That is not FW way .A R/S would be his first move imo .And if that doesn't work then you might be right with the BK taken place ?
"The Strategic Petroleum Reserve, which is supposed to hold 90 days' worth last year's net imports of crude, was holding a 245-day supply of oil.
A selloff of some of that supply, he also said, would "take $15 off of crude oil in a very short span of " I thought B.O. would have tapped it a month ago to help the DEMs sway the midterm election's ? But B.O. will do it in 2015 for sure for those same reason to help Clinton get in 2016 .As a going away present .
good for the consumers .Like a tax cut so to speak .
for the USA