Ernest's Feed
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015

Halcón Resources pins hopes on prolific North Dakota oil acreage

, Jan 21 (Reuters) – Low oil prices and a
mushrooming debt load are hampering plans by Halcón Resources
Corp Chief Executive Floyd Wilson to sell the oil
producer, with analysts saying the company’s 131,000 acres in
North Dakota’s Bakken shale formation remains its only growth
option.

The dilemma highlights how low oil prices are foiling plans
some small energy companies had to build themselves up quickly
and try a sale to the highest bidder. Still, some investors see
Halcón, whose shares are down 84 percent over the past two
years, as a potential buying opportunity.

Jan 21, 2015
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015
Jan 21, 2015