Halcon Resources Corporation (NYSE:HK)

CAPS Rating: 2 out of 5

An independent oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, in Texas, Louisiana and Oklahoma.

Results 1 - 20 of 45 : 1 2 3 Next »

Recs

1
Member Avatar jed71 (99.86) Submitted: 2/5/2016 10:38:24 AM : Underperform Start Price: $0.54 HK Score: +11.65

I swore I would leave the oil and gas companies alone but then I found this one. I am picking on this one for all of the normal reasons, massively declining revenue (on a quarterly basis), free cash flow burn, a boatload of debt, big GAAP losses, and more losses likely to come. But I am also ASTOUNDED by the small growth of their natural resources over the past 5 quarters. I am sure they are following the proper accounting standards, some no, I am not suggesting any shenanigans. But, I am wondering, how could they claim higher natural resource value this quarter versus 9/30/2014? Hasn't oil dropped from $90 to close to $30 a barrel?

This is why I hate GAAP balance sheets for commodity producers. So hard to determine the true value of their assets. My personal view is their "natural resources" are worth about a third of what they have on their balance sheet. Maybe a little more, but probably not by much. If I assume natural resource value of about $3.5BB, they still have lots of write offs to do, about $4BB!! I think its obvious this company would not survive write downs of this size. I normally give 12 months for bankruptcy of an entity in this bad of condition, but because they have sizable derivative hedges, they could last for a bit long than 12 months. I do not think they will survive, but maybe they can pull a rabbit out of their hat for this quarter's earnings report? (Proving unicorns really do exist!)

Recs

0
Member Avatar Pilkin01 (< 20) Submitted: 4/5/2015 8:10:49 PM : Outperform Start Price: $8.20 HK Score: -85.31

Best management team in business. Quality asset base. 189 m+ boe resrves proved as of 12-31-2014.

Recs

0
Member Avatar aaronwidmann (26.23) Submitted: 1/16/2015 4:14:57 PM : Outperform Start Price: $5.75 HK Score: -84.69

Tons of debt, but still dirt cheap.

Recs

0
Member Avatar benlop777 (< 20) Submitted: 11/18/2014 10:38:31 AM : Outperform Start Price: $14.38 HK Score: -88.40

Huge potential to grow, kill debt and be bought.

Recs

0
Member Avatar Kennethlandon (< 20) Submitted: 7/24/2014 4:32:34 PM : Outperform Start Price: $33.95 HK Score: -93.50

Halcon Resources, while speculative in nature, has seen amazing success in the domestic oil plays. The only issue I see is that they are a company investing into growth, and with that at the moment comes a great deal of debt.

Recs

0
Member Avatar hamburg (< 20) Submitted: 5/29/2014 4:04:21 PM : Outperform Start Price: $31.60 HK Score: -96.31

tms goinng to turn this big time am waiting till 2nd quarter to see how high it will go

Recs

0
Member Avatar crackmen (< 20) Submitted: 4/19/2014 1:55:15 PM : Outperform Start Price: $27.00 HK Score: -99.07

ceo is a winner

Recs

0
Member Avatar caelin389 (69.94) Submitted: 2/26/2014 3:27:09 AM : Outperform Start Price: $19.75 HK Score: -99.15

Bought this baby at 3 and Change only way it is going will be up !!

Recs

0
Member Avatar WCWlooky (23.06) Submitted: 10/21/2013 1:14:05 PM : Outperform Start Price: $28.21 HK Score: -106.07

Somebody said they can drill cheaper. Cheap is good.

Recs

0
Member Avatar thity2hop (46.89) Submitted: 8/5/2013 1:28:13 AM : Outperform Start Price: $30.20 HK Score: -108.63

earnings growth from E&P performance is gaining strength

Recs

0
Member Avatar Godfrey4440 (< 20) Submitted: 6/27/2013 5:40:26 PM : Outperform Start Price: $27.70 HK Score: -115.31

Outperform. Utica acreage in Trumbull County, Ohio is ready to explode. They're flaring the Lordstown well and the neighbors are complaining that the vibration Is knocking the pictures off the walls......some pressure......the one in Hartford ain't so bad either

Recs

0
Member Avatar jtlz28 (< 20) Submitted: 12/17/2012 11:01:06 PM : Outperform Start Price: $35.80 HK Score: -129.21

Wilson's track record with the last three speak for itself. He openly states he will sell in the future. When oil returns to favor this will offer a nice return.

Recs

0
Member Avatar jrc394 (< 20) Submitted: 11/21/2012 12:03:34 AM : Outperform Start Price: $30.25 HK Score: -133.36

Good Bakken acreage.

Recs

0
Member Avatar weinbpa (< 20) Submitted: 10/4/2012 6:14:59 PM : Outperform Start Price: $34.60 HK Score: -127.83

Long term Wilson is a proven winner in E & P

Recs

1
Member Avatar bluecollarbroker (34.79) Submitted: 7/26/2012 3:50:09 PM : Outperform Start Price: $35.00 HK Score: -136.62

way to cheap...esp. for a company that projects to be pumping 30K+ barrels per day with lower than industry avg debt levels....and Floyd Wilson at the helm.

Recs

0
Member Avatar GaddafiDuck (25.01) Submitted: 4/25/2012 6:29:33 PM : Outperform Start Price: $54.85 HK Score: -136.05

Floyd Wilson

Recs

0
Member Avatar thebatcave (38.35) Submitted: 2/21/2012 12:51:05 PM : Outperform Start Price: $54.80 HK Score: -136.48

Natural gas. It'll pop.

Recs

1
Member Avatar hatch23 (< 20) Submitted: 2/15/2012 9:00:20 PM : Outperform Start Price: $59.95 HK Score: -138.88

The guy who started this company was also involved in Hk-Petrohawk Resources, that got bought out a year or so ago for quite a bit of money. Hope he can do it again.

Recs

0
Member Avatar JPAKolypse86 (< 20) Submitted: 2/13/2012 12:26:49 PM : Outperform Start Price: $61.75 HK Score: -138.35

Apparently Floyd Wilson likes the ticker HK

Recs

0
Member Avatar lenstark (< 20) Submitted: 8/31/2011 11:00:38 AM : Outperform Start Price: $14.77 HK Score: -149.73

I believe energy is heading higher and Ram will benefit from this trend

Results 1 - 20 of 45 : 1 2 3 Next »

Featured Broker Partners