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Holly LaFon
Holly LaFon
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Baron Funds Comments on Halcon Resources Corp

December 10, 2013 | About:

Halcon Resources Corp. (NYSE:HK) is an emerging growth company in the independent exploration and production industry. The company is well positioned in several key unconventional oil plays around the country. Even though the company appears to have improved its drilling results and met expectations for growth in the third quarter, its shares suffered from balance sheet concerns and the company's ability to fund its growth over the next 12-18 months. Halcon raised capital in August and sold assets at a favorable price, both of which we think should allay these concerns.

From Ron Baron's Baron Funds third quarter 2013 commentary.


Rating: 1.0/5 (2 votes)

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