Do you understand what oil going from 28 to 46 does for the reserves and Enterprise value. The mark ups will make shorts look stupid. THATS a 60% return in two months. NOW the enterprise value is much more than the debt. the liquidity just doubled.... Now reorganize your portfolio.
We ended the fourth quarter with right at (2:52) $800 million of liquidity, which was consisted of cash and undrawn capacity on our revolver, that has a borrowing base currently of $827 million. We are working with our bank group right now going through our spring redetermination. Based on discussions with the bank, our expectation would be a borrowing base of $650 million to $700 million. We have over 200 locations in Fort Berthold and over 400 locations in Williams County. This is many years of inventory. We intend to manage that inventory.
Enterprise Value (Feb 3, 2016)3: 3.16B
PEG Ratio (5 yr expected)1: 0.05
Price/Sales (ttm): 0.08
Price/Book (mrq): 0.11
Enterprise Value/Revenue (ttm)3: 4.69
Enterprise Value/EBITDA (ttm)6: 2.94
Shares Outstanding5: 121.04M
% Held by Insiders1: 20.34%
% Held by Institutions1: 49.90%
Shares Short (as of Jan 15, 2016)3: 10.97M
Short Ratio (as of Jan 15, 2016)3: 5.47
Short % of Float (as of Jan 15, 2016)3: 21.14%
Book Value Per Share (mrq): 3.91
Debt 3 bil
You can see it has been priced for bankruptcy and it has a fighting chance as it depends on commodity pricing in 2017. Halcón has 25,497 barrels per day of oil hedged for 2016 at an average price of $80.59 per barrel. For 2017, the Company has 3,750 barrels per day of oil hedged at an average price of $65.75 per barrel. Halcón estimates the pre-tax mark-to-market value of its hedge portfolio to be approximately $381 million as of February 24, 2016. ` Halcon restructured its long-term debt several times in 2015. In April, it retired debt through a direct equity swap, and in August and December, the company issued second and third lien unsecured notes in exchange for unsecured debt facilities. By the end of the year, Halcon reduced its overall debt by close to $1 billion and interest burden by $53.5 million.
WAITING for the PPB$$$ and the pipeline.... The wells are there and waiting. 1,100-mile-long pipeline could be carrying oil through the Midwest as soon as the end of 2016, according to an announcement by a Texas-based oil company. The Bakken pipeline is just one of the numerous projects besides Keystone XL that have been proposed and, in some cases, received approval in the U.S. in recent years. Last month, state regulators in North Dakota gave final approval to the Sandpiper Pipeline, a 616-mile project which will carry up to 225,000 barrels of Bakken oil each day from Tioga, North Dakota to Superior, Wisconsin. Especially in the booming Bakken region, more pipelines are likely on the way — North Dakota’s governor announced that the state plans to double its oil and gas pipeline capacity in just two years the next two years. RIGHT THROUGH WILLISTON.
The Bakken Pipeline, (ETP contractor) which aims to ease the glut of oil in the booming Bakken region, will run from North Dakota to Pakota, Illinois, carrying 320,000 barrels of crude oil per day
OIL hit 4 6 $$$$$ this morning . HK has hedged 81% of its oil volumes at a weighted average price of $81/bbl, which will allow it to replicate hedging gains of $440 million seen last year. REDUCING COST with pipeline and the company is focused on improving the economics of its production. For instance, despite a cut of 73% in capital expenses to $322 million in 2015, Halcon's production declined only 1.3%.
This strong level of production despite a drop in capital expenses was a result of Halcon's focus on areas that generate stronger returns due to low costs and robust production in difficult times. Fort Berthold Indian Reservation, North Dakota, , or FBIR, where Halcon believes that its entire acreage is economical in the current price scenario.
OIL hit 56$ this morning. That's break even for the BAKKEN. They have the assets ready to pump when oil returns at a fair price. 21 cents per share on the revenue they had. They got 81 dollars a barrel... are you new to investing? The mark-to-market value of our hedge portfolio today is right at about $220 million. With the hedges Halcón realized 153% of the average NYMEX oil price, 86$ vs the markets 30$ oil. Cost were way down - LOE plus workover expense was $7.89 down from 8.36 per BOE... They ran two wells and they have many at Williston and Eagle ford. (We're still guiding for a full-year 2016 production range of 37,000 to 39,000 BOE a day. (Williston Basin). The Company currently has 14 wells in the Bakken .. Halcón currently has working interests in approximately 88,000 net acres prospective for the Eagle Ford formation in East Texas, approximately 76% of which is HBP. The Company currently operates 113 El Halcón wells
State Attorney Eric Schneiderman accused Donald Trump of stall tactics in the $40 million fraud case against his now-defunct Trump University. TRUM has tell NOV 1 for a response. Just in time for elections to see what you vote for. SIC SIC SIC
BK three times! Business failure after failure, poor businessman , cheater and know for stupid decisions. YES we want to see them. They are dirty other wise he would show them. THE SMOKING GUN has never been louder. The POPE was right this guy is evil. How can you Christians back this monster. He changes his beliefs and policy once a week. The seat of the pants half whit decisions are warning you.
No president has never served people in one capacity or another. He is notorious for scams. I see the republican news channels drumming up support and momentum. You can not infuriate the groups he has and win. The ivory tower masses of the republicans party may be motivated but their sub classes will have their revenge come election time. Go ahead you religious hypocrites and vote for his evil, then tell me you are religious/ HYPOCRATIC moral majority will never be the same. I have never seen such open dis respect for groups and racism out of a candidate. Shae on that ugly person. His sex trips with Epstein are classics, his Howard Stern interviews, rhetoric during the campaign should never be condoned and voted for. YOU Evangelicals are sickening.
that's a sink hole as you are very confused. 30% of his own party will not vote for him and hate is way of life. They know how to do internet searches for he real Donald. he see the mafia, Epstein, Howard stern tapes, Bully, Liar, exaggerating, False advertising, playing the system, no taxes, obnoxious behaviors, elitist boosting, evil, frauds, taking peoples property, narcissus, arrogance, treachery and TRUMP U mentality towards business. just search the court cases and suits for the real DON TRUMP.
I have never seen a bigger liar than CRUZ. He is a pathological liar. Rafael and in Iowa condemned those who get in their way? What kind of CULT BS is they do that? I am tired or being looked down on by a cult. No more seven mountain cult controlling attitudes. no more telling me what they want over what I deem right .for myself. IF they continue giving to campaign's they should pay taxes.
Whats wrong with calling evangelist lying cults what they are? Do you think CRUZ was the chosen? Anointed? Do you believe in seven mountains and thinking church should guide all decisions of national defense? Separation of church and state? Would you sacrifice your son? do you think God wanted you to be rich? I am tired of them wanting to control Plan Parenthood and trying to control politics and Government , public schools , what I watch, screen my music, and look down as I believe different. I don't want bothered. I like the religion I grew up with.
I've got pages on TRUMP.... HE Never keeps contracts , marriage contract, or business agreements , his BKs, re-negotiating, Reckless rhetoric, blame, fear mongering, name calling, feuds, , ridiculing, legendary narcissism, ignorance on basics, never prepared or mastering of any politics are signs of a mad man. call out and nonviolently protest his racist, bigoted, misogynistic, xenophobic, and violent behavior of tRump rallies….. . . Donald Trump vs. Everyone: He is lame and his show business attitude will kill America, The Insults, clueless nature, exaggerated statements, down right crazy request, have to be taken for face value –crazy. He has insult a wide range of people, institutions and our constitutions Hostility is counterproductive with friends, alliances , congress, congressmen, politics, politicians, Mexico, China , Middle East, women, Latinos, military, Perry, McCain, Rubio, Kate Middleton, Hilary, Obama, Carly, allies, and the whole coalition. HE is so eager to become a politician and hates them all and has said so on many occasions….. He wants to be uneducated, uniformed, unprepared, and clueless and don’t get it…. himself-unreal! He has talked down on most politicians and even the POPE, it is un imaginably true as he is way out of control in the debates. OFF SUBJECT yelling solves nothing and he has nothing to give as solutions but wild exaggerated, undoable dreams.
LIE OBAMA at Illinois. TRUMP taught and is indicted for it. TRUMP U is real as him a landlord. EVICTINF people to tear a apartment down for a hotel. He turned off water and moved in the homeless to drive people out. HE LOST AS USUAL. ITS still there. He bull dozers people out and uses condemnation .
on the other side you have diseased Mexican, wall, surveillance, patrols, deportations and more GOP give always. Hess a republican. NOW he want your 401K major investment to go default to get back at China. Destroying the vehicles most businesses use also. IS this guy really a business man or a blooming idiot in business?
to think the GOP is stupid enough to dictate the President journey to an important alley? OBAMA is not the stupid one here. The hateful GOP and VETS that should understand the consequences with out PEACE. I thank and respect the VETS and honor them but enough is enough. ITS hate! IT POLITICAL not security or defense related. TRADE, TRUST and diplomacy over war every time. HE IS a GENIOUS not a traitor . WORLD peace is the greatest way we honor you all that gave it all. God bless your love and find it again -PLEASE . PEACE be with you all.
Never ENDING PRESS- he has repeatedly revealed his ignorance on basic matters of national interest — the three ways the United States is capable of firing nuclear weapons (by land, sea and air), the difference between the Quds Force in Iran and the Kurds to their west, North Korea’s nuclear tests, the causes of autism, the effects of his tax plan on the deficit and much besides. Classical tRump was thinking China was in the Asian trade agreement he wanted to talk about in the presidential debate. Sad thing is He thought he knew what he was talking about! Blaming China when they were not even in the agreements. The blame game of tRump is elementary rubbish. Mediocre attacks on the POPE , candidates, immigrants, China, Obama and politicians, senators and everyone but himself as the BUCK, STOPS THERE! NOT HERE! There is only one person to blame for the chaotic and often violent nature of Trump rallies: DAA Now he want to destroy the financial community by defaulting on Bonds Treasuries re-negotiate . Unknowing they are in all 401ks and IRAs. He was thinking China not understanding the consequences of business 101 and investing for idiots. He is a mess PEOPLE….
Where are your replies? LETS PLAY!!!!!!!!!!!!!!!!!!!! TRUMP has been listed in 169 Federal law suits Business disputes, SEXUAL HORASSEMENT, FRAUD, anti-trust, business failures, TRUMP AND AND MANY OVER REAL ESTATE. He?s been sued by celebrities, personal assistants, prisoners, people in mental hospitals, unions, and wealthy businessmen. Of course, Donald Trump has also done his fair share of suing as well. 1990 was a big legal year for Donald Trump. He was named as a defendant in 21 lawsuits filed by different businesses and individuals. The U.S. Department of Justice sued Trump for an antitrust violation in 1988 and won. Trump was forced to pay $750,000 In 2013, the New York AG sued Trump for $40 million saying he helped run a phony school ? Trump University ? which made false claims and steered students towards useless seminars. Trump has complete disregard for economic reality. HIS SOLUTIONS ARE LUDICRUST/ILLEGAL AND WRONG. His campaign stops are like bar brawl and #$%$ rally of elderly SELF RIGHTEOUS WING NUTS WITH OUT A CLUE. The Trump ideology, and term fascism, he represents, is usually used as an insult only. Unfortunately, the terminology is accurate. The delusions are many and the campaign is like a privileged, diabolical play, comic-book version of Franco, Mussolini or Hitler. His distorted reality is an awesome experience, a perfect repudiation of all good sense and intellectual sobriety.
TRUMP the LIAR= Trump sued a journalist for libel and lost, badly- TRUMP worth? You Vote –u pay
Trump Mortgage The man Trump hired to head his mortgage company called himself a top Wall Street executive, when in fact he had lackluster banking credentials. The company folded in a year.
Trump Vodka Trump “super premium” vodka was launched under the now-ironic slogan “Success Distilled.” Best look past the noise with TRUMP went the way of TRUMP Steaks, Magazine, network, TRUMP is an Immigration specialist_ Trump hired 200 illegal-immigrant Polish workers to demolish the building on the site of the future Trump Tower.
TRUMP Employees- since 2010 he pursued 500 visas for foreign workers at Palm Beach’s Mar-a-Lago resort, passing over hundreds of American applicants for the same jobs. Trump-owned companies have tried to import 1,100 workers on temporary visas since 2000. Trump Model Management and Trump Management Group LLC have also imported 250 fashion models, his current wife Melania among them.
TRUMP bringing in Spies = EB-5 visa program, which offers overwhelmingly Chinese foreigners a two-year visa in exchange for a minimum $500,000 investment in an American project. Some EB-5 applicants are cleared in under a month, and critics argue that the program threatens national security. They further ague that it amounts to selling visas to wealthy foreigners who lack proven skills.