Michael Filloon
Oil & gas, energy, hedge fund manager, commodities

Bakken Update: HK Misses But Reports Record Initial Production Rates

Halcon's (NYSE:HK) Q2 earnings miss was received well by investors. It did however, beat on the top line. It reported $.04/share versus the Street's estimate of $.06/share. Revenues came in at $214.3 million versus estimates of $208.55. Halcon definitely has a cult like following, which makes this company even more interesting. Halcon is a different type of oil and gas play, as it has some variables to its business that are unique to small cap oil and gas. It has good, experienced management that knows how to grow through the drill bit. It has a sizeable acreage position in some of the premier basins, with some as core and others on the fringe of being economic. This is...

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