The insiders bought a ton of shares on the open market in 2012 and 2013. They've got plenty of skin in the game. What was encouraging is that none of them sold earlier this summer when they some of them could've made a quick double.
I'm a little surprised that HK didn't go up yesterday. Our selloff in July coincided with crude's dropping prices. I expected HK to go up on crude prices' rally. Crude may see $100 soon. Will that push HK into the 6s?
Thank you, nsleesman and henan. Best news of the week. Have a fun Labor Day weekend! See you next Tuesday!
It's good we're getting some positive analyst opinions. I like Wunderlich's comments that they're surprised that the weak energy tape is causing a drag on HK's pps.
I don't think you'll find your faith in Floyd Wilson to be unfounded. Look at his track history, which is the best metric we have. He has been a consistent winner, and has made money for his shareholders. It's obvious he is trying to the same thing with HK. HK has been making a lot of positive moves lately.
They upgraded HK yesterday morning, and we're already up 10%. Given that we all knew that HK has a history of doing well at these presentations, the upgrade looks like a no-brainer. Still, nobody else upgraded us.
When HK presented at the Howard Weil conference and the E & P conferences a few months ago, the stock was starting its bull run. So, maybe MLV thought it smart to upgrade us before tomorrow's presentation.
Glad I was able to get out at a dime per contract this morning. It looks like the pps will close below $13.
The price of gold is the key. Early this morning, the POG dropped about $20 an ounce in about 2 hours. It was a freefall. I expected HMY to open at sub-3. The POG has recovered somewhat, to get back over $1300, but it's still in heavy negative territory.
Admittedly, I got burned pretty badly playing August calls, and I was going to take a break. But, when HK briefly dipped below $5 per share this morning, I had to nibble on the Sep 5 calls. GLTA!
I know. I bought some yesterday for a nickel each when the stock dipped to $12.80. I have one day left to hope that ARCP will make a modest upward move.
Their earnings likely topped most estimates. Production is up, and costs are down. The POG is holding steady above $1300 an ounce. HMY's should've jumped up over 10% today.