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Halcon Resources Corporation (HK)

- NYSE
  • Nov. 13, 2012, 10:11 AM
    Halcon Resources (HK +9.1%) surges in early trading after a slew of insider buys is disclosed; in all, the company's CEO, four VPs and two directors bought a total of 254K shares at $5.35-$5.78 between Nov. 9-12 worth ~$1.5M.
    | 1 Comment
  • Nov. 8, 2012, 8:19 AM
    Halcon Resources (HK): Q3 EPS of -$0.01 misses by $0.01. Revenue of $73.1M (+202% Y/Y) in-line. (PR)
    | 4 Comments
  • Nov. 8, 2012, 12:05 AM
    Notable earnings before Thursday’s open: AAP, AINV, AMRC, APU, BCRX, CNQ, DF, DUK, EBIX, ES, EZCH, FE, FSYS, GTXI, HK, KIOR, KSS, MFC, MWW, NOG, PGNX, PMT, POZN, PPL, SMBL, SNSS, SVNT, THI, TNK, VMC, WEN, WIN
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  • Nov. 7, 2012, 5:30 PM
    Notable earnings before Thursday’s open: AAP, AINV, AMRC, APU, BCRX, CNQ, DF, DUK, EBIX, ES, EZCH, FE, FSYS, GTXI, HK, KIOR, KSS, MFC, MWW, NOG, PGNX, PMT, POZN, PPL, SMBL, SNSS, SVNT, THI, TNK, VMC, WEN, WIN
    | 1 Comment
  • Oct. 22, 2012, 8:04 AM
    Halcon Resources (HK) agrees to acquire Williston Basin assets from Petro-Hunt for $1.45B. The purchase includes oil and gas prospects on ~81K acres in the Bakken and Three Forks formations in North Dakota. Additionally, Canada's Pension Plan Investment Board agrees to purchase $300M of HK common stock at $7.16/share. HK +2.8% premarket.
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  • Oct. 2, 2012, 8:45 AM
    Halcon Resources (HK) estimates it will add four to six operated drilling rigs to its resource style drilling program by year-end 2012. Canaccord starts coverage at Buy, saying HK has built positions in some of the most exciting U.S. liquids-rich plays, including the Woodbine, Utica and Bakken, with ~1.3B boe of unrisked resource potential.
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  • Sep. 24, 2012, 3:48 PM
    Halcon Resources (HK +2.1%) is initiated with an Overweight rating and $11 price target at Barclays, which believes HK's asset base exposes investors to significant production and reserve growth potential in multiple liquids plays, many of which are in the early stages of development.
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  • Sep. 13, 2012, 9:10 AM
    Premarket gainers: EQIX +14%. VICL +13%. APRI +13%. LRN +10%. PLL +7%. CTIC +5%.
    Losers: CCRT -29%. PSTI -17%. FMER -7%. USG -6%. HK -5%.
    | 1 Comment
  • Sep. 13, 2012, 8:39 AM
    Halcon Resources (HK) -4.6% premarket on top of yesterday's 11% swoon, as the 35M-share secondary offering is priced at $7/share. HK will not sell any shares or receive any proceeds from the offering.
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  • Sep. 12, 2012, 9:27 AM
    Halcon Resources (HK) -5.8% premarket after announcing a secondary offering of 35M shares of its common stock offered by EnCap Energy Capital, with a 30-day option to purchase up to 5.25M additional shares. EnCap owns ~32% of HK shares. HK will not receive any proceeds from the offering.
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  • Sep. 12, 2012, 9:10 AM
    Premarket gainers: MEDW +39%. SSRX +21%. JVA +18%. NBG +13%. FB +7%. YOKU +6%. NOK +6%. AUO +5%.
    Losers: GCOM -19%. ONCY -18%. PURE -16%. XRTX -15%. MTG -11%. CIG -11%. HK -7%.
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  • Aug. 2, 2012, 12:05 PM
    Halcon Resources (HK +9.1%) beats Q2 earnings expectations and discloses a new liquids-rich exploratory play in the Midway-Navarro formations in Texas. HK expects to build a position of 25K-75K net acres in the play, and will utilize one rig in the region to spud four to six wells this year.
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  • Jul. 2, 2012, 3:22 PM
    Halcon Resources' (HK -2.3%) planned takeover of GeoResources (GEOI -0.7%) gives traders the chance to reap the biggest arbitrage profit in America, Bloomberg says. While shares of both companies have slumped as oil prices have dropped, traders can still secure an annualized 56% profit by buying GEOI on the bet the deal will close by July 31, the report says.
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  • Jun. 25, 2012, 12:39 PM
    Halcon Resources (HK -4.1%) forecasts 2012 production to more than double, rising to 9K-11K boe/day from 4,121 boe/day last year, thanks to recent acquisitions in liquids-rich shale acreages. HK also expects Q2 production of 3.9K-4K boe/day.
    | 1 Comment
  • Jun. 6, 2012, 10:05 AM
    Halcon Resources (HK -0.6%) agrees to buy an operated interest in east Texas oil and gas leases for ~$377M. HK plans to pay $222M in cash and issue ~16.5M shares to buy the interest in the assets covering 16,365 net acres. Net daily production runs to ~2,000 boe/day at the leases, which HK believes are prospective in the oil-rich Woodbine formation.
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  • Apr. 25, 2012, 8:56 AM
    Halcon Resources (HK) agrees to acquire GeoResources (GEOI) for $20/share in cash and 1.932 shares of HK common stock for each GEOI share held. The deal represents total consideration of ~$37.97/share. GEOI +21.3%, HK +4.8% premarket.
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Company Description
Halcon Resources Corp is an oil and natural gas company, which is engaged in the acquisition, production, exploration and development of onshoreliquids-rich oil and natural gas assets in the United States.