You have been asked nuerous times..what is your position? how many shares do you own? Obviously, you're down on HK.
What is your position?
Perhaps they are "blinded" because he has come on this board, saying he isn't the author, but he is?
There is only ONE reason HK trades where it does...oil prices cratering. The last three earnings reports were spot on. The reduced capex, and were heading in the right direction.
Anyone familiar with HK knows the TMS was a gravy play, and part of the reason the stock had moved back to $7.50 some months back. With $55 oil, and not knowing how long it will stay here...HK is a roll of the dice. The hedging is fine, and will get them through at least 2015, but the story has changed. this drop in oil is different from the others because of the all the excess oil created by the shale drillers. Things may return to a different state of normalcy.
I am long 51,000 shares of HK. this will be reduced next week, for tax loss purposes.
One other thing...I agree the TMS may never be in HK's plans until oil rebounds dramatically, if ever.
Value Digger is a pompous, arrogant tool.....like I said, if he made any real money he wouldn't be writing for SA.
Yeah, you wrote the article. In keeping consistent, you spend a great deal of the article pounding your chest about how right you were. I guess you're attempting to drive the final nail in the coffin of HK? Well, I guess it could go to zero or bankrupt under the circumstances which exist today.
Above all, you're a liar, because you are Value Digger....trying to squeeze the the last bit of money out whomever might be left holding the bag. I think most of the damage is already done. It is oil prices which will move the stock going forward, not your "hack" articles.
How's the Tidewater you pumped?
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.