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Halcón Resources Corporatio Message Board

  • intelinvestor93 intelinvestor93 Jan 4, 2014 8:37 PM Flag

    Let's be honest ladies and gents...

    Y'all need to cool it with the buy recomendations...many have been saying that since the start of the year and it's gone nowhere but down. I'm long hk at 4.86, however I won't be buying and wouldn't recomend buying more right now, this company is not doing too well right now and there is likely more downside on the horizon, how much, I don't know but they have assets of 5.5B and long term debt of 3 petrohawk had long term debt of about 2.2B in 2008 with 7B in assets...Halcon's assets have grown much faster than petrohawks, however so has the debt, something is not quite adding up right now, which is y I urge you not to focus too much on the earnings being that they can be manipulated

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