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HighPoint Resources Corporation (HPR)
NYSE - NYSE Delayed Price. Currency in USD
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HIGHPOINT RESOURCES CORP HPR is an exploration and production company. The company, currently, flaunts a Zacks Rank #1. The Zacks Consensus Estimate for its current year earnings increased 17.4% over the past 60 days. The company’s expected earnings growth rate for the current quarter is 208.8%.
Buy calls on this one. Current price is .05$ per contract. Exercise before mid December and enjoy your rewards.
HPR shareholders will get 0.114 shares of BCEI which is presently $22, so that equals $2.50/share. Why is it trading at $6? HPR bondholders get most of the 30% equity in the new company, not shareholders.
The Director RCA
What an incredible stock this truly is can’t believe they should have a market cap of $400 MM which is the value assigned to by bonanza creek! Only $75 more per share and were at fair market value!
R2E Biz Acct
Happy thanksgiving everyone, hope you enjoyed the turkey! Best stock to buy for Black Friday would be the OASYS Pete $OAS, it emerged from the financial insolvency and doing great. Stock likely to explode to go to $500-600 in future. No one can ignore but oil industry crazy right now. All stocks flying and just check High Power Resource $HPR was few cents, now almost $10. People doubled money very quickly. Get on ground flour opportunity because it happens only one in a moon.
I’m just sharing my carnival ride and questioning why I went from 16600 shares converted to 332 prior to a merger. Any class action suits in the works?
Hello, I am new to this. Doesn’t a short squeeze entail bad news that it will go down later on? Also, if this is true, how can we estimate how high it will go? Thanks!
This what i see in the press release and based on description, total hpr stock is worth $4 million not $50 million.
Big correction is ahead!!!!
Upon completion of the transaction, Bonanza Creek shareholders will own approximately 68% of the combined company and HighPoint’s stakeholders will own approximately 32%. Existing HighPoint shareholders will own approximately 1.6% of the combined company while participating HighPoint noteholders will receive in the aggregate shares representing approximately 30.4% of the combined company and up to $100 million of newly issued 7.50% senior unsecured notes due 2026. Based on the number of shares of HighPoint common stock outstanding and those subject to equity-based awards, the transaction implies an exchange ratio of 0.114 shares of Bonanza Creek common stock for each share of HighPoint common stock.
To make it clear, existing hpr share holders will receive 1.6% of the combined company. My math result is
I should buy more at the lowest point right? Seems it will do another coaster ride?
Check my post, as I have predicted that once we have vaccines the oil and gas in general will be doing fine.
Unlike Bonanza disclosed 68% active stake in HPR it said earlier! So now it is holding only 46.5% active stake of HPR. Something BIG is going on with HPR and that’s why HPR stock is skyrocket recently.
Why does Zack has it as a strong buy?
#stockstowatch $HPR 1mil Float! #Stocknews #HighPointRsrcs $HPR #earnings of $4.01 per share, beating the @ZacksResearch
Estimate of $3 per share. #Oil & #naturalgas $BCEI & $HPR announced they have reached an agreement & consolidation Merger worth $376Mil Price Target. $30.00
Ignore the press release and look at the actual agreement. With BCEI at $24.95, HPR should be at $28.44. Does anyone see what I see?
What does it mean to the stockholder when the stock has been delisted from NASDAQ for failure to meet requirements? Just learning about this. HPR has been delisted. What does that mean? Haven't bought any stock in this yet. Would really appreciate feedback about this. Thanks
Its easy to see why US shale is marked for death - the twin forces of renewable energy and cheap foreign oil are simply too formidable. Look at acreage prices below, to get an idea of how low these so-called "assets on balance sheet" have sunk. The debt-binge times heralded by Chesapeake, Sandridge, etc. that were awash in cheap cash lent by dim-bulb dillweeds at JPMC, Citi, BofA etc. are long over. So if you're planning to hold $CDEV, $QEP, $SM, $HPR etc. long term, be careful... the assets are simply not worth whats claimed in their financial reports. $CPE (EPS -$57.02) and $LPI (EPS -$81.62) still have massive debt loads of $3.24 B and $1.24 B that are unsustainable in the cash dry environment of the future.
Date announced Permian deal Value per acre (USD)
============== =========== =================
March 2018 Concho Resources-RSP Permian $75,504
August 2018 Diamondback Energy-Ajax Resources $33,008
July 2019 Callon Petroleum-Carrizo Oil & Gas $16,547
December 2019 WPX Energy-Felix Energy $11,965
October 2020 ConocoPhillips-Concho Resources $10,471
Source: Bloomberg Intelligence
I figure .114 times around $16 equals about $ 1.85 is what we will receive for each share of HPR It says will will receive .114 of each share of BCEI which now trades around $ 16. If someone figures it different please explain.
Does anyone know what impact the variation in par values of BCEI ($0.01) and HPR ($0.001) has on the .114 convention rate? Wouldn't it make sense that this variation means that for every 100 shares of HPR, we will receive 114 shares of BCEI as apposed to the 11.4 shares that a lot of people think we're getting? I feel like we would be getting screwed if those par values were equal but because they are not equal, I feel like we are getting a much better deal.
Take a look at its one month chart and look at its beautiful Cup and Handle. 🔥
This seems really shady. Why do the reverse split other than to run the stock price down. Prior to the reverse split the stock was basically trading at the same price we are getting .114% of a share of in the new deal. Seems like class action time
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