Thursday, April 3, 2014

For Investors Only: Do Readers Remember That Article In Seeking Alpha -- Last Nail In Halcon's Coffin?

Updates

April 14, 2014: this is quite remarkable. The contributor at the SeekingAlpha article linked below suggested that the Tuscaloosa Marine Shale would be the final nail in Halcon's coffin. Today a huge well was reported in the TMS and Halcon surged 10%. The SeekingAlpha article was posted March 21, 2014; Halcon was trading at $3.88 that day. Today, Halcon is trading at an even $5.00 ($1.12/$3.88 = almost 30% on the "upside"). 
 
Original Post

Do readers remember that SeekingAlpha artice: "last nail in Halcon's coffin?" Maybe it will be different a year from now, but HK has risen the past two days.

Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.

Select oil/gas related names showing strength: NBR +1.7%, ESV +1.7%, CHK +0.8%, WFT +0.7% (approves change of jurisdiction of incorporation from Switzerland to Ireland),  DVN +0.6%, NFX +0.6% (upgraded to Buy from Neutral at UBS).