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To: Paul Senior who wrote (167655)8/7/2012 2:30:22 PM
From: Area51  Read Replies (1) | Respond to of 206159
 
Hi Paul,

HK (halcon) price action was interesting after the acquisition (ran up to 11.25 and then collapsed to 6.26). HK seems to be on the rebound now, with some significant insider buying as high as 7.30. I'll take a few shares here.

I see that Floyd Wilson, the chairman and CEO of Halcón, was also CEO of Petrohawk. He started that firm with $60 million in capital and eventually sold it for $12.1 billion. Wilson's intention, as stated on CNBC recently, is to sell Halcón in three years.

Best Regards, A51



I also bought a few OIH puts as I suspect this nice run in the OIH over the last few weeks may need to back and fill an little as we approach the may 1 high of 41.73 (stop at OIH = 42)