Halcon Resources Corp (NYSE:HK)‘s stock had its “neutral” rating reiterated by SunTrust in a research note issued on Tuesday. They currently have a $1.50 price objective on the stock, down from their previous price objective of $7.00. SunTrust’s price objective suggests a potential upside of 25.00% from the company’s current price.
U.S. output rose to 9.19 million barrels a day through Jan. 9, the fastest pace in weekly records dating back to January 1983, data from the Energy Information Administration show.
Analysts at MLV & Co
set a $2.50 price target on shares of Halcon Resources Corp in a research note on Friday, January 9th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $4.62
LNG will start exporting nat gas later this year and will purchase 6% of US production. In addition to that, a half-dozen other LNG export terminals are planned along the Gulf Coast.
Repsol bought Talisman Energy two weeks ago for twice the share price at the time. Would HK's assets be worth $3.50 a share to a big company with a long term horizon?
Perhaps the business who is the actual receiver of the crude is the one most interested in locking in future supplies. Could it be that refineries will be paying $87 per barrel for much of their crude in 2015?
The Saudi's were the only people in the world who knew with 100% certainty that they would not cut oil production. They could have shorted oil companies and made $Billions.
Also, they can buy stock in oil companies at depressed levels before they announce a cut back in oil production and make more billions on the way up.
It is manipulation on a grand scale.
Honda's 2015 fiscal year started in April 2014. It has given two quarterly dividends of 22 yen per share since then and expects to give 22 yen again this quarter and again next quarter.
Conoco said it will spend less on major projects and defer spending on unconventional (shale) North American plays. Specifically the company said that it would defer its “significant investment” in the emerging shale plays in the Permian Basin of Texas, the Niobrara in Colorado and the Montney and Duvernay in Canada while continuing to “target” the Eagle Ford and Bakken plays. The cut in the development drilling budget totals about $1.5 billion, reducing Conoco’s planned spending from $6.5 billion in 2014 to around $5.0 billion next year.
He said Halcon may be a speculative driller with bonds worth buying because it hedged its production at much higher prices enabling it to withstand the current environment.