This is a very honest answer, opinion and I will be limiting my comments for a while going forward. The Hedge Funds are in the process of reversing their positions from short to long, which is good. They will begin to bombard our boards, create distraction, etc., in the process. They've got 25M plus outstanding and are running out of time as Glen proceeds with his plan. It's going to be an exciting fall, winter, spring, and summer as drill hole data comes in from all KWK's assets and they (current shorts) will help us when they go long and push it much higher than expected. Use a portion of your base to trade with, 1/4 and hold 3/4 of it in KWK. That's prolly enough to keep you trading and interested in whats going on. At this point it's all about how many more shares can you accumulate and build your base count while the company comes back to life and true value becomes live market reality. Make no mistake about it, this company has disconnected with the market and is way way way undervalued. NG prices are an exponential kicker as well. If NG heads much higher this winter then there is no telling where the PPS lands. Time is short and on the Long's side. The stock is ready to run and Glen has the cards. Good luck.
That and deleverage a significant portion of outstanding dedt. It is by far KWK's greatest asset.
We are in negotiations to monetize a portion of our Horn River Asset. We are also considering other asset dispositions or other business combinations. We cannot provide any assurance that we will be successful in consummating any such prospective transactions.
I think the key part is "a portion" of our HRB asset.
Free money at this level....been investing a long time.....but KWK has hard assets and nothing artificial....its in the ground.
$2.30 as I write this. Amazing how they work the pps to get out of those short positions. 2-3 weeks ago the stock actually rose during the sale of 20M shares when it reach $2.60 + and now the news is out and its lower. Patience is required today and for the next 3-4 weeks as we have investor CC's coming up... Nov. 22nd. Should be very upbeat.
Good points. So, so many stocks out there to short that are trading way way above fair values. Don't know why they would want to play around with dynamite. The "catalyst" referred to in yesterday's call is real, it will be very significant, it will be great for the shareholders, and the company will be deleveraged. The integrated transaction is happeneing further today and time is now on the longs side. I don't know how the 25M shorts plan to exit the positions but evidentally thats their problem and I'll sit back and watch. Be nice to see a company share repurchase with part of the proceeds to blow the shorts out of the hole and move em on along.
Thanks. I must confess tho, I am a double engineering major in Mineral Engineering and do understand Glen when he speaks so I have advantage here. And 14 TCF is calculated close to $70B at US prices. However, the Asian price is $16. So I get lost north of $200Billion. We'll see long the stock till it gets to fair market value.
He did, 1 time, and when EF Hutton speaks, we listen. He said " no questions, and no comments in regard to the deal". Also, that the transaction will be in the best interest of stock-share holders. He didn't have to say another word.....they are in a Quiet Period where legally nothing else can be said. BINGOOOO!!!!
Read the earnings release and listen to Glen's openning remarks on the conf call a few min into it..... 14TCF is roughly $75B.
Horn River Basin
The company is in negotiations with select partners for its integrated Horn River project.
Third-party reserve analysts estimate Quicksilver's 129,000 acres in the Horn River Basin in Northeast British Columbia holds up to 14 Tcf of natural gas reserve potential. The acreage is well served by existing pipelines and treating facilities, and, based on location and size of resource, is believed to be ideally suited as a long-term feedstock for LNG exports.
$2.45 is no where even close..... KWK will get more than that for the HRB deal. 14 TCF is roughly $75 Billion dollars.
This is our largest asset by far. 14TCF advertised again.
Glen just stated the deal will close by year end and there would be no questions accepted toward this transaction. Today a Persian Gulf company announced a 16TCF find in the mediterainian sea and valued the gas 16TCF gas at $90 Billion. That being the case, what is 14TCF worth?
BINGO!!!!!!!!!!!!!!! Deal will close by year end!!!!!!!!!!!!! OMG and 25M shares shorted.....do not selll until spring!!!!!!! WOW!!!