• 4 minutes Projection Of Experts: Oil Prices Expected To Stay Anchored Around $65-70 Through 2023
  • 7 minutes Oil prices forecast
  • 11 minutes Algorithms Taking Over Oil Fields
  • 14 mintues NIGERIAN CRUDE OIL
  • 3 hours UK, Stay in EU, Says Tusk
  • 3 hours Nuclear Power Can Be Green – But At A Price
  • 3 mins Chevron to Boost Spend on Quick-Return Projects
  • 20 hours Blame Oil Price or EVs for Car Market Crash? Auto Recession Has Started
  • 8 hours Socialists want to exorcise the O&G demon by 2030
  • 4 hours U.S. Treasury Secretary Mnuchin Weighs Lifting Tariffs On China
  • 16 hours Venezuela continues to sink in misery
  • 10 hours What will Saudi Arabia say? Booming Qatar-Turkey Trade To Hit $2 bn For 2018
  • 7 hours Maritime Act of 2020 and pending carbon tax effects
  • 1 day WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
  • 1 day How Is Greenland Dealing With Climate Change?
  • 10 hours German Carmakers Warning: Hard Brexit Would Be "Fatal"
  • 1 day Trump inclined to declare national emergency if talks continue to stall - Twitter hides this as "sensitive material"
  • 2 hours Regular Gas dropped to $2.21 per gallon today
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

One for the Speculators Amongst You

The last several weeks have seen some very strong US crude oil prices, adding strength to my prediction that we'll likely see average prices of well over $100 a barrel for crude oil for the remainder of 2014.  Along with this prediction should come some actionable US exploration and production companies that are being undervalued based upon continuing high and sticky crude prices.  I've highlighted a few of these recently, including Noble Energy (NBL), EOG Resources (EOG), Continental (CLR) and Cimarex (XEC).  But most of my readers want even more risk for part of their energy portfolio and the chance to make 40-50% or even more on their investments, a difficult target for any mid- or large cap E+P I'd likely recommend.  

But for those that cannot resist, I have an idea --  let's have another look, a rather speculative one, at Halcon Resources (HK),  now trading just north of $3.70.  

The story of Halcon is pretty well known: Floyd Wilson, the CEO of Halcon has become an oil legend, most due to his great success with previous oil start-up Petrohawk Energy, bought out by BHP Billiton for a 60% premium.  Not satisfied with the one-time score, Wilson went almost immediately "back to the well" again, starting Halcon Resources with some of the profits from Petrohawk but using the same stock symbol.    Halcon and Floyd did not go back to the Haynesville shale to attempt a repeat of their success but began in the…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin



Oilprice - The No. 1 Source for Oil & Energy News