Yeah, OK. meanwhile, you can keep on and on with your trite nonsense. You've never posted proof of anything. All you can do is post page after page of nothing. Show me a single post, where you've brought value to the board?
Show me one post.
I'm entitled to change my mind. He's informative, but I think he's lying about the shares he owns, which destroys his credibility with me.
Is that OK?
You said you bought 500,000 shares today. This would be in addition to the 135,000 you said you own.
I bought 18,500 shares today. I'm enclosing the info. I copied and pasted it from my transaction page at ETRADE. 10/13/14
18250 of HK @ $2.64
I don't believe for five seconds you bought 500,000 shares. Game over.
oilman....you bought 500,000 shares today? I say prove it. Copy and paste the transaction and post it. Very simple.
We are not a one basin company. Halcón has three core plays - two are in development mode (the Bakken and El Halcón) and one (TMS) is still in the delineation phase. We have ample drilling inventory in our two development plays (~800 gross locations in the Bakken & ~800-1000 locations in El Halcón) and view success in the TMS as upside. As Floyd has mentioned on past earnings calls, almost all our 2014 and 2015 production growth has/will come from the Bakken and El Halcón, and we expect very little contribution from the TMS. Additionally, the great results in Bakken and El Halcón were also reflected in our recent borrowing base increase of $350MM. The large increase was solely driven by drilling results in the Bakken and El Halcón, no contribution from TMS. Having said that, the industry as a whole is making progress in the TMS. It feels like the recent pressure on oil prices is magnifying the challenges in the TMS due to the fact that it is a considered a high cost play. Keep in mind that we are still in the early innings in the TMS and costs are expected to come down over time.
We are currently running two rigs in the TMS. Company policy is not to comment on rumors. Per our normal course of business, we will issue a complete ops update in conjunction with earnings on 11/10. We are in the middle of our 2015 budgeting process right now, so any rumors floating around about how many rigs we plan to run in any play are simply premature.
Note that we are significantly hedged for the remainder of this year and all of 2015 with a floor of close to $90/bbl oil, so we expect to be able to execute on our drilling program and grow production and reserves.
As for your questions on the Bloomberg article, it is important to consider the source while reading this article. This reporter is known to write negative articles on the oil industry, and the article is part of a larger anti-shale editorial position Bloomberg has expressed recently.