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Halcón Resources Corporatio Message Board

  • pentomic pentomic Nov 5, 2013 12:25 PM Flag

    Morningstar's just issued comments..

     

    Morningstar just released some comments on the 3Q..In essence, they felt the Utica and Woodbine properties have been huge disappointments leading to the $1.2 billion write-downs. They feel these 2 areas are history now. They are encouraged by the Bakken and El Halcon properties with 31 producing wells at El Halcon being doubled. Morningstar had maintained a $12 fair value estimate for these past months. Today however, they state that the $12 estimate is now under review and will be reduced. (they did not give a reduced estimate at this time)..

    Sentiment: Hold

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