Never really looked at HK before, but my girlfriend asked me to look it over.....
Wow! Fast growing........very aggressive acquirer.....loading up on debt.......issuing lots of common and pfd. shares......OK oil / natgas mix....
But, not my cup of tea. I hold the much more conservatively run NOG. HK looks like a smaller version of SD, which is a laterday version of CHK 5-10 years ago, except with a much better oil / natgas mix than CHK ever had.
Good luck guys, this one's for 'gambling' money only IMHO.
Halcon Resources - Bigger, Oilier, And Still Cheaper Than You Think
November 14, 2012
Very nice update to the original Seeking Alpha article posted by Z-Man today.
Very realistic valuations and calculations--Look for it.
and we must have the Eagleford deal almost done. Now MHR is saying that THEY are in the process of possibly sellling their Eagleford acreage , which offsets Hk's for 20-30 K/acre.
That will free up lots of capital (about 25%) of 2012 budget, plus about 400 -500 million to be applied to next years budget