• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 2 hours WTI @ 67.50, charts show $62.50 next
  • 7 hours Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 8 hours Mike Shellman's musings on "Cartoon of the Week"
  • 3 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 13 hours Venezuela set to raise gasoline prices to international levels.
  • 3 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 7 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 13 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
  • 20 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 19 hours Corporations Are Buying More Renewables Than Ever
  • 8 hours Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 24 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 9 hours France Will Close All Coal Fired Power Stations By 2021
Alt Text

Turkey Turmoil Drags Oil Down

While Turkey might not be…

Alt Text

Oil Prices Hit 7-Week Low As Trade War Heats Up

Oil prices traded close to…

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

Trending Discussions

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

Trending Discussions





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