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Halcón Resources Corporatio Message Board

  • keltus1952 keltus1952 Aug 8, 2013 10:32 AM Flag

    As a non holder...

    Been trying to evaluate moving, fast growing, lots of debt.

    Cash flow could end up @ $600 -700 for the year, which is good. Debt was $2.7 billion on June 30, who knows where that'll end up for the year. Debt around 4 X cash flow, an aggressive, but not insane number. Looks like they'll want to spend more on capex and land buys than cash flow will generate. So, that means more debt or equity offerings for the time being.

    Summary.........looks OK in the low 5.00s, but only for a speculative position (maybe 3-4% of your portfolio). Interesting, but very aggressive and debt laden company.

    Just my opinion.............Kel

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