You should by now know that HK does not move based on oil price. It is a dollar stock because of its debt and poor cash flow that will only get worse as the higher hedges go off the books.
You think maybe the price of oil has something to do with it? Your knew but just as stupid as the rest of these morons. Right Tucker?
Lake...are you going to average down since you are now back in? I think you will be able to but more at a much better price as oil seems to want to retract back to high 30's over the next few weeks. Good luck with your trade. I have done very well with IMMU. Bought at average of 1.80/share and currently around 3.50. Hope it sneaks higher but ready to unload if it goes south of 3.30.
Company fundamentals will keep stock price in its current range. If one wants to own an oil producer, look at OXY or CRZO. Why look at worst of breed st because it is cheap. Now astute trades will buy and sell HK but they buy hundreds of thousands shares so the price swings in the stock can make them big bucks but I quarantine you that they don't buy in at today's price. They will wait for the inevitable correction in oil and then play the next bounce. I still believe HK is negotiating with some institution to raise cash thru a secondary, using shares available do to the reverse split, and I believe the institution would only agree to a price closer to $1 so I see this stock correcting to that level if and when said transaction takes place. Unfortunately fo HK, without the secondary, they are dead meat do to their high debt and outrageous interest costs.
Are you aware that the oil coming out of the Bakken does not fetch the same price as NYMX oil prices? Yes they have reasonable hedges still in place but any new hedges will not be sufficient to cover their outrageous financing costs. As a couple of previous posts stated, the common shares will be dramatically reduced in value after the next survival restructuring occurs. I would bet that any institution involved in the restructure will want shares for $1 so your shares will drop on the open market to $1. Plus the outstanding shares will probably go back to the pre split level which further dilutes the share value when calculating future EPS numbers assuming they have earnings.
You know I am talking about expansion of drilling. More production means lower price. Don't forget the Iranians. SD will be pumping like crazy at $45. Surpluses will soar and down goes oil. It is a vicious circle they are in.
Watch for rig counts to increase in May which will bring oil back to the high 30's. Shale companies have to begin drilling just to survive another 6 months including HK.
Your right about that Rocky....we are ll a bunch of trolls when it comes to messages boards. They use to be informative and fun to banter back and forth but now they are just a means for weirdoes to constantly post obscene comments. I particularly like the post from "earlyoutpress" who stated that he is waiting for it to return the previous high of $99. Wonder what chart he/she has been looking at.
Day traders working today so don't get to excited about the .10 gain because it will be gone by closing.
The point is not whether you own shares bought pre or post split but to point out that the market as placed the value of the stock at .21 if you ignore the share manipulation instituted by the company in order to keep it listed. I agree with you that if you bought post split, only the current price matters. If the split had not occurred, the stock was pink sheeted and the price was currently at .21, would you buy the stock? The fundamentals have not changed regardless of the outstanding shares available so why would one buy shares just because the price is 1.08?