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Mar 27, 2014
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Mar 25, 2014

Halcón sale still probable, though work remains, CEO says

NEW ORLEANS (Reuters) – More work needs to be done to develop Halcón Resources Corp’s (HK.N: Quote, Profile, Research, Stock Buzz) oil and natural gas assets before the company can be sold, Chief Executive Floyd Wilson said on Monday.

Executives have long stated that their endgame for the company, formed in 2011, would be a sale, although weak well results in Ohio’s Utica shale formation have hampered that goal. The company’s stock is down 45 percent in the past year.

Mar 24, 2014