Highpeak Energy Inc

HPK is in a clear Stage 2 markup, trading within 2% of its 52-week high and supported by rising EMAs across timeframes. The active “Devil’s Bargain” continuation pattern signals ongoing upside momentum, while mid-range RSI and a moderate Options Score indicate no immediate exhaustion. Elevated short interest adds squeeze potential on a breakout, making short-term timing favorable for participation in a push above resistance or on shallow pullbacks into EMA support.

• ↑Q2 2026 output averaged 45,500 BOE/day, beating the high end of guidance
• ↑Free cash flow expected at $161 M in H2 2026 amid declining capex
• ↓Net loss of $45.2 M in H1 2026 after $55 M hedge losses signals profitability challenges