Well well well, a short popped his head up. I guess today the HRB is worth nothing... $0.00. Let's just give it away. Hahahaha. Sleep well.
Dated 11/13. Sold 75% of it for $1.5B. KWK has better land...more level and continuous... More vol too. 1) that's $10 ops to us and retain 25%. 2) no why Glen's offer of $16 pps was turned down now? 3). Multiple partners in our deal. 4). West TX is s cash printer. 5). If you sell Noe please let the board no what your buying cause I don't see anything like this in ROR at $2.67.
Well in two weeks they got an investor conference....why present if you have nothing else to say?
They said they thought they had the right players and right plan for all involved.....wonder what its gonna take to close that deal? Somebody's got to give and write a check.
9 months ago they stated 12-18months and after the big catalyst. KWK would use an equity dilution to take out the 2016's....what did they say this AM?
Chevron is leaving the NG fields...not selling any more fracked gas less than costs....They need $6 to make a decent profit.....$6 or no more gas.
Also, when does the whole system become out of balance and shortages hit? We need to be prepaired.
This week they need to discuss the unexpected -195 draw vs -175 estimates and only 1001 left....we are officially in the 970 range today.
Last week was on-time....the two heavy draw weeks before that it was released after the market was closed.....
I've never seen it this low before. Utility demand for NG is as high as ever....and the PSC's have told them to burn it and pass it on to the consumer, just explain your costs and you have a guaranteed margin. The glut is gone, over, and LNG exporting will merge the average price for NG in the world closer together. USA - $4 (too low), EU, JAPAN, etc $16 (too high). $6.50 USA good....other countries $11...good. NG market will be very good for the next 10 yrs.
I never have liked a Friday earnings release. I DKW KWK picked Friday. Production forcasts, ENI, HRB is key as well as NG prices...I'm fully loaded and not buying or selling anything....I did get my opportunity to add substantially 1st of March...had no idea I could have gotten the shares this cheap.
I think the only big negative here would be a disappointing ENI funded drill hole in West TX. We got property all around the big players...Energen, BHP, Concho, etc....other than that everything should be expected....Its up to Glen to get the pps higher in order to take out the 2016's as planned....bond holders prolly don't like that because where else can they get 8 to 11% on their money and a very Good NG market has formed.