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Halcon Resources Corporation (HK)

- NYSE
  • Jan. 18, 2013, 8:42 AM
    Halcon Resources (HK) shareholders approve the issuance of 108.8M common shares relating to the previously announced acquisition of Williston Basin acreage, and approve a ~333M-share increase in authorized common stock to 670M shares.
    | 1 Comment
  • Jan. 15, 2013, 11:38 AM
    Stephens analyst William Butler remains cool on natural gas but is bullish on the energy sector, seeing upside for various small and large companies. On his Best Ideas list: Sanchez Energy (SN), which expects to grow to 6.6K boe/day next year - 330% growth, with 85% of it in oil; SN also boasts 10 years of drilling inventory and a sound balance sheet. He also likes CPE, QEP, HK, CXO, GPOR.
    | 2 Comments
  • Dec. 24, 2012, 9:45 AM
    Jim Chanos - a bell-ringer in 2009 when he said there was nothing left to short - says there's plenty to keep his firm busy now. Avoid leveraged natural gas companies "like the plague," he says. Their balance sheets may look okay thanks to perverse accounting rules, but cash flows tell a different story. "It's a pretty good bet" he's short any leveraged players that were buying gas properties 5 years ago and looking to sell now.
    | 8 Comments
  • Dec. 18, 2012, 10:07 AM
    Canada Pension Plan discloses a 16.13% stake in Halcon Resources (HK -0.7%) via a 13D filing out last night, which says the acquisition was undertaken for investment purposes but it intends to seek appointment of a representative to the HK board.
    | 1 Comment
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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%.
    | Comment!
  • 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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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.