Sometimes luck is better than science in the business world. HighPoint Resources' (HPR) management gets full credit for maximizing the exposure to a lucky chance though. Oftentimes, good managements seem to have a lot more luck than managements that appear to depend solely on luck.
HighPoint Resources reported big gains in production, income and cash flow for the third quarter. Any company that is digging out of a highly leveraged situation needs to report this type of progress to reassure the market that the past will not repeat itself. This is comparable to