You're a worm.
Every day you get on here and post drivel. How dare you call out anyone? I'm no fan of oilman, but I'm less of a fan of yours.
You're scared...hey, I get it. You're down a ton of money so you go back and forth and doubt you've made the right decision.
Again, you're in NO POSITION to calling out anyone. A record of your posts validate this fact. Go tell your wife how much you've lost. I dare you.
He is not short, that's the irony. He's just very confused. He posts every day, trying to validate the fact he is long HK, and down a ton of money, as am I.
The only difference is I'm not petrified, and he is.
They don't care. Casualties is what they're after, and there will be many. This is why when people get all pumped up about HK and their hedging, no one knows how long this will last. HK moves with the price of oil. Same with TPLM, LNCO, LINE, NOV etc...
@hoffmanjolly...I have spoken to IR 50 times. She will only give you the "canned" response. Yes, HK is hedged. If you believe oil will rebound in 2015, then this is a calculated risk perhaps worth taking. Do not ignore the balance sheet. The debt is staggering, and unless one truly understands these debt covenants, I would tread carefully. Liquidity will become an issue if oil stays down for a prolonged period of time.
I owned 54,000 shares. Sold a little Friday to help offset some capital gains. Will peel off a some more in the next two weeks. I will still have plenty of shares.
This being said, a great deal depends on your entry point. If you're a recent buyer, then things are not as dire. There are some of us here who own a ton of shares and have suffered some big losses.
I do believe in Floyd Wilson, but HK and other debt-laden shale drillers were caught in a perfect storm.
First of all, you bought the stock, it is down and now it is a POS? Call investor relations. Talk to Wes Harris...he'll answer any questions you might have. I lost plenty on UAN. Be accountable for your actions.
I sold because I see this going much lower. UAN is a cyclical stock. Do your homework.