Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Baron Funds Comments on Halcon Resources
Posted by: Holly LaFon (IP Logged)
Date: May 24, 2012 11:05AM

From Baron Funds first quarter letter: Halcon Resources Corp. (HK) is an independent exploration and production company that was recently recapitalized through a merger between a private company (Halcon) that was founded by the former management team of Petrohawk Energy and a small public company Ram Energy. This team started Halcon shortly after the close of the sale of Petrohawk to BHP Billiton for $15 billion. The focus of the recapitalization was to gain access to public markets and capital to enable Halcon to reposition Ram's asset into a handful of emerging unconventional and conventional oil plays in the U.S.We believe that the current management and technical team at Halcon can replicate the successes they had at Petrohawk and several other predecessor entities through aggressive leasing and development. As a result, Halcon could produce substantial growth in oil/liquids production, cash flow and shareholder value over the next several years. (Jamie Stone)

Guru Discussed: Ron Baron: Current Portfolio, Stock Picks
Stocks Discussed: HK,
Rate this post:

Rating: 3.0/5 (3 votes)

Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat