Using that logic dwuuuu the more oil you produce the more of a hit to your stock price right?
The #1 & #2 N.A. shale oil E&P companies did not take a hit - they were up slightly. When you make sweeping generalizations expect to see "corrections"
I
nterestingly HK got an expansion to its Senior Revolving Credit Agreement by $350M - going from $700M to $1.05B. Makes their total debt approx $3.8B by my calcs. Now that's a lot leverage for a company their size - I make it about 2.4 D/E ratio.
AKK Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held