Tucker...whoever you are. I don't care what you think. I know the man, we've spoken many times in the past. Why don't you just mind your business?
What you fail to understand, is this hypothesis of yours carries no weight. Do you have any idea what is happening to oil, gas, gold, silver? It may turn, but not because the rig count is down...are you a schmu-k? There is over capacity in the marketplace, global demand (consumption) is down.
Your insipid post are starting to annoy me.
Yes I did...what is he admitting? The truth? Sorry to disagree, but this is what I was told. I have spoken with him many times.
Among firms with high debt loads and attractive acreage, a few stand out as notable possibilities for an acquisition. Noble’s purchase of Rosetta last month offers some clues here. EXCO Resources, Penn Virginia, and Halcon are all carrying significant amounts of debt. This will likely cause these firms to explore strategic alternatives and could prompt a sale.
All three companies are risky though in the sense that if they cannot find a buyer, their future is in doubt assuming oil prices stay low. The assets of all three are reasonably good, but they are not well positioned financially for a down-cycle. And all three stocks reflect this reality.
Spoke to the CFO for an hour today. In three years IF oil is at this price, they will be out of business...simple as that. No sugar-coating. Company was built on $80-100 oil.
You're the same guy from Seeking Alpha.
This dog won't bark.
goskiing...if oil is sitting at $35-40 for years, we will all have much bigger issues to be concerned with.