It sounds to me they are still committed to bringing costs down in the play:
EVP and COO
Yes, you bet. I mean first and foremost is our ability to drill the well as predictably and with the last eight wells now getting over 7100 foot lateral, very, very encouraged by that. That’s a key element of getting our cost structure down if you will. And as we’re moving forward we’re drilling single wells now, but as we move forward we’re going to be looking at two or twelve well pad in the TMS using our RPH mode and essentially everywhere that you’ve seen us do this then all our other plays have been able to significantly drive cost down. So that’s the opportunity for the TMS going forward is really moving into that assembly line mode that we’ve been successfully implementing in our other plays.
type annual world energy outlook:
12 November 2014, Bloomberg
The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said. “The global energy system is in danger of falling short of the hopes and expectations placed upon it,” the IEA said in its annual World Energy Outlook today. “The short-term picture of a well-supplied oil market should not disguise the challenges that lie ahead as reliance grows on a relatively small number of producers.”
12 November 2014, EUObserver
The International Energy Agency (IEA) has voiced concern on security of supply, greenhouse gas emissions, and the future of nuclear power over the next two decades. “The global energy system is in danger of falling short of the hopes and expectations placed upon it”, the Paris-based intergovernmental body said in its annual World Energy Outlook, published on Wednesday (12 November). The report contains projections up to 2040.
Halcon Resources: Re-Evaluated by Donovan Schafer
This article was published on Fri, Nov. 7, 2:49 PM ET
I suggest you listen to the GDP CC from today and look back thru HK2Q presentation regarding hedging.
Hk is easy for the institutions to manipulate. I do believe the company when they say they don't fret over
the day to day prices. They are on a mission to build a company to sell. I understand it has been a hair raising
time in the energy sector and energy is a crowded short trade...
1. Effective June 3, 2014, for no consideration, Mr. Vlasic irrevocably and unqualifiedly disclaimed
all fiduciary powers, including voting and investment power, with respect to certain trusts' current
and future interests, direct or indirect, in VILLCo Energy, LLC ("VILLCo"), the Issuer common stock
("Common Stock") held by such trusts, and any other assets owned by VILLCo. Concurrently, VILLCo
distributed in redemption 241,892 shares of Common Stock to the Michael A. Vlasic Revocable Trust,
185,644 shares of Common Stock to the Michael A. Vlasic 2009 Annuity Trust f/b/o Nina Marie Vlasic,
185,644 shares of Common Stock to the Michael A. Vlasic 2009 Annuity Trust f/b/o Robert Thomas Vlasic,
and 185,641 shares of Common Stock to the Michael A. Vlasic 2009 Annuity Trust f/b/o Thomas Joseph
Vlasic (collectively, the "Transaction"). As a result of the Transaction, Mr. Vlasic ceased to have
any direct or indirect voting or investment power over, or any pecuniary interest in, any shares of
Common Stock held by VILLCo. Mr. Vlasic disclaims beneficial ownership of the Common Stock held by
the various trusts reported above in excess of his respective pecuniary interests therein.
my point is the shorts have been masterful with how they control this stock. all fundamentals aside, from a pure trading perspective they feel safe until 3Q earnings. if there was an oil shock of type be it ISIL making their way to S. Iraq or something of that nature all bets are off but in the context of normal trading the shorts will remain in control. as I see it.
Harold Hamm felt $77 would be the low and LNG CEO said lower and I believe 60
was his guess. Hamm feels it will be back to the 90's in short order...
Saudis take aggressive oil measures in Europe, WSJ says
Soon after reducing prices in Asia, Saudia Arabia is taking an aggressive stance in Europe by asking buyers to commit to maximum shipments if they want to get its crude, says the Wall Street Journal. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
Halcon Resources ran hard when oil was strong, but now the bears are killing it.
optionMONSTER's Depth Charge monitoring program detected a surge of put volume in the Houston-based energy company, which more than doubled earlier this year but has now surrendered almost all those gains. Activity focused on the 5 strike in October and November.
An even 12,500 November 5 puts were bought for about $1.78, while about 10,200 October 5s were sold for $1.63. Volume was below open interest in the shorter-dated contracts, which indicates that an existing position was rolled forward in time and upsized.
Puts lock in the price where a stock can be sold, so they gain value when a stock falls. They can be used to protect long bets or to wager on a selloff, with the potential to generate significant leverage to the downside. (See our Education section)
Yesterday's trade was bearish because the investor increased the number of contracts and added a month of exposure. Making the adjustment cost a net $562,400.
HK fell 1.12 percent to $3.52 yesterday. At one point the stock traded down to $3.30, its lowest price in 8-1/2 months.
Total option volume in Halcon yesterday was 7 times average amounts, with overall puts outnumbering calls by a bearish 8-to-1 ratio.
More From optionMONSTER