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Has Halcon Resources Improved The Financial Situation Enough?

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  • Halcon Resources recently refinanced and exchanged debt to reduce leverage and interest expenses.
  • The company no longer focuses on the TMS after making a big financing deal only a year ago.
  • The $1 stock still faces an uphill battle to consider an investment at this point.
Probably no other stock in the energy exploration and production sector of its size garnered so much attention as Halcon Resources (NYSE:HK). Ironically though, the company has struggled mightily despite well-respected CEO Floyd Wilson. Halcon Resources has long been a lightning rod in the investor community due to the high debt position and late entry into shale drilling.

Read the full article at Seeking Alpha.


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

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