Hk has $567mm cash, $425mm debt, and $1.3 b worth oil field at Delaware basin. Thus, Book value should be $10 per share. The current price 6.22 per share is way too low. Just be patient for a long wait.
I really don't get it. Why are there so many stupid shorts expecting hk for a reverse split. If hk CEO wants to sell the company, the pps is above 1, or they are not losing any money, we can't find a reason to do rs.
Hk just get a cash 1.4 billion which is equivalent to 9.42 per share. Although they pay 0.75 b for its debt, its book value should be around 10 per share. They still own a lot of acreages in Delaware basin, which is the most potential for massive oil production. No wonder the land value is very expensive there.
Hk debt was about 3.0 billion last year. Now it is reduced to 425 million. If you take 7.0 % avg interest rate, the annual interest saving is about 45 million, or 15 millions per quarter. My suggestion to HK is to pay off the debt with on hand cash and don't exesersize the December option. Wait for the production boosted to 20 k barrel per day and then sell hk with 15 to 20 per share.
If we are to go off the RSI then you could argue that a pull back next day or so could occur on HK before rallying up. the other week https://activepennystocks1.blogspot.com alerted this company i think. google them .
Hi Everyone, can someone please answer a couple question only if you know the facts. Your response is greatly appreciated. 1- how much land does HK own? 2- What are the names of a few companies that are in the same business as HK but with highest amount of LAND they own ? Thank you and yes, I posted this on another forum to get the most info
If we are to go off the RSI then you could argue that a pull back next day or so could occur on HK before rallying up. Im not sure about you guys but awe-som*sto-cks has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
I have a dream that hk found a good reservoir with 1 billion barrels. ... if this true, the pps will be triple.
Halcón Resources Announces the Sale of its Non-Operated Williston Basin Assets for ~$110 Million
HOUSTON, Sept. 20, 2017-- Halcón Resources Corporation today announced it has entered into an agreement to sell its remaining non-operated assets in the Williston Basin to a private company for approximately ...
Do you think this thing is done selling? Showing us a buy signal now on HK? have you guys heard of awe.som*sto-cks. i started receiving their allerts and so far i am happy.
Who says HK isn't poised for potentially massive upward movement? have you guys heard of awe.some*sto-cks. i started receiving their allerts and so far i am happy.
Yo shorties, I am still waiting for you to drill down the pps to 4 level, so I can average down.
If you want to call Floyd a thief, I may agree. However, if he can turn around and sell hk, I don't care what he has done.
26.4 % of float are shorted, from yahoo. Just FYI. Wow, that is huge.
Of course, the earning is going to be reduced. It is a well known issue. However, hk brought in 1.4 b which is more than its entire market value. Those capital one analysts just ignore this. No wonder, capital one ...
Capital One cut Q4 2017 to .01 per share earnings and FY 2018 to .06 per share .That was a big cut .We may have to see if that $5.57 support holds before we buy . I am sure more downgrades coming . Floyd has money in his pocket again and will be on acquisition trail .