As I said....the drop in oil is causing them to pull in the reigns on the TMS. Prudent, but will be viewed as negative by the market. One can't ignore (not saying this is the case) oil may stay down for a prolonged period of time, which HK will not be able to withstand. Simple economics, unfortunately.
oilman...not sure what you mean by "pre-ordained?" I will listen closely to the CC. It is clear if oil doesn't rally, this game is over. I've said it before...at some point they'll have to sell of the quality plays to pay down debt.
I have capital gains, so I need a loss. HK is it.
The entire time...I have stated the drop in oil would cause issues for small drillers with high debt loads. You haven't told me anything. You're the smartest guy on the block..the best. The best investor. I own no gold.
Whatever happens to me with HK I deserve. I bought too much and broke all of my investment rules. Now, I have to pay the price.
This isn't rocket science. The report wasn't horrendous, but the market will rip HK to shreds today.
Considering liquidating all my positions today. I've had enough.
Things have changed. Other than twohander standing around playing with himself, wondering when it might be a good time to buy HK. The drop in oil is handcuffing HK's plans in the TMS. Floyd is exercising caution, which is a good move, but lets face it, the growth story is now stunted, until oil rallies. We don't need $100, but we need at least $85-90.
Wrong place, wrong time. Simple as that.
Tomorrow will be a bloodbath, I'm afraid.