I like your thinking Doug. Hold a core position for the 4 year duration and have some ammo to trade. It has worked for a lot of us including Oilman. Watch out for Wednesday though, it could be a bumpy road...............
Wasn't long ago you and others were on my case for looking for a 10% pullback. Unless HK increases there production levels substantially over the 41000 barrel level, this stock will be in the 5's again. The O&G plays have all lost their mojo and now that oil is seeking a retreat back into the 90's, so maybe all the ridiculous cheerleading will subside and us long term holders will only care about 4 years from now. I will say though that HK is getting back to the level where trading it could be profitable. For those who were bashing the shorts, many of them have made a nice profit while the longs moan and groan.
Many shorts made nice money this past week. Despite your unjustified enthusiasm, HK is not going "to the moon any time soon". If and when oil goes back to 95, HK will sell off big time again. Shorts have their reason for shorting and they are patient to wait for the selloffs. I got foolish when I bought my last lot of HK at 7 for my trading account when it was obvious that HK was in for a correction. Yes HK will go back up to 7.40 but it will also regress numerous times for shorts to make their money. I will trade HK probably 20 times over the next 4 years as I wait for a potential buyout or sell all my shares when I think it is time. Anything over 9 and I will begin to slowly sell my shares. Unfortunately, this board has developed into full time cheer leaders, like yourself or pure idiot posters who offer nothing to anyone other than a meathead.
Just saying hello oilman. Deepsub must be taking a posting breather also. Have a nice summer and will be back in the fall.
I still lurking Doug but not posting although I wanted to correct those who think a buyout will occur within 1-2 years. Not....will be 3-4. Remember, new wells have to accelerate to the point where they are not just simply replacing dried up wells. That will take several years for Wilson to reach production levels worth someone buying. I think you will see the 10% correction from the 7.50 level in July. Have a nice summer..
Doug, no offense but you seem more disturbed by the poster than anyone else. Why bother with such chatter. Unfortunately, this board has lost its luster over the past several months with very few informative posts (probably do to the lack of HK data points). I for one am taking a sabbatical from the board for a while. Good luck to you and the other long time holders of HK.
Opposite of a breakdown. I made up the term for when a stock price is lower then the previous posted stock price from posters. Just having some fun on a boring day. No negativity intended.
Are you holding for buyout and if so at what price?
Doug...you don't have to justify your opinion of the stock to me. We all have different views. Heck, I poster stated it was going to be worth $100. Don't happen to agree but so be it. Most of my posts are related to the technical of the stock and I leave the fundamentals to others. I would also state, WHY would I own HK if,..I didn't believe in it's ultimate value although I am more conservative than others in that value. In the end, we are both long and supportive of the stock.
Doug...why keep posting to the dude...you have your opinion and he has his. I happen to agree with yours but not at the same level of enthusiasm. No stock is a sure thing and there are risks with Hk (as evidenced by the $7 price). I am willing though to take the risk based on the facts as we know them today. However, if I ever think that Wilson is starting to operate like Ward, I will be long gone. I learned long ago never to fall in love with a CEO no matter how well respected he/she may be and that includes Wilson. I know many on this board would disagree with me on that issue and there is one poster who will probably call me a "shortie" again but I do believe that most of us get wiser as we get older.
Every day there seems to be an article from MF or SA both positive and negative. I have always assumed that they were in cahoots with the hedge fund dudes. Be that as it may, today just happens to be a profit taking day so no big deal.
Duel...don't know if you saw my earlier post but a pulled the trigger at the open and bought my final installments, half in IRA and other half in trading account.
Yes its hard not to do it at the moment Due, but I am so over weighted with HK as it is that my thought was to wait for a cheaper price but it never seems to want to correct for more than 2%. You are right though in that I should just close my eyes, pull the trigger and never look back until we all meet in Vegas for one hell of a party.
Buy and sell orders have been very orderly so after some basing, 8 should be not far behind. Could be a struggle at that level but after 8 a long and steady climb to11-12 over the next 2 years.