HK Reports 1Q08 Results Good Results; Announces Share and Debt Offerings; Jacks Up Budget and Attacks The Haynesville In Almost Chesapeake Fashion.
My sense is that the stock dips in the early morning hours. Even some analysts may attempt to decry the wanton levels of spending. This will pass. I will likely buy more if it [...]
We're long here. Long and happy.
The 1Q Numbers:
EPS of $2.74 vs $2.33 Street Consensus,
CFPS of $5.79 vs $4.55 expected,
Production of 640 MBOEpd vs 631.5 MBOEpd in 4Q07 (from non-divested properties)
LOE inched up 7% YoY
Guidance: None given but look for them to certainly re-affirm 2008 guidance on the conference call; here is the prior [...]
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