- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Can we talk about Halcon Resources (Symbol: HK)?
Posted on 2/2/15 at 9:44 am
Posted on 2/2/15 at 9:44 am
So...currently sitting at $1.42.
debt out this world, and could be a takeover target at this price?
other than that, would this be too risky a play?
debt out this world, and could be a takeover target at this price?
other than that, would this be too risky a play?
6
Posted on 2/2/15 at 9:54 am to The Egg
quote:
debt out this world
Do we know what the debt is for?
Posted on 2/2/15 at 10:09 am to The Egg
they have 300,000 acres in the Tuscaloosa shale area..a play that was barely, if at all, profitable at 100 dollar oil. Would another company buy that? I don't know but I'd guess no..
Posted on 2/2/15 at 10:21 am to TheIndulger
Another company wouldn't buy HK for their TMS acreage. It would be for their reservation acreage in the Bakken and their El Halcon stuff in Texas.
Posted on 2/2/15 at 10:22 am to TheIndulger
quote:
they have 300,000 acres in the Tuscaloosa shale area..a play that was barely, if at all, profitable at 100 dollar oil. Would another company buy that?
Goodrich Petroleum would if they could.
Posted on 2/2/15 at 10:42 am to Clyde Tipton
I'd be surprised if Halcon and Goodrich can survive. Goodrich is in especially bad shape after they bet the company on the TMS a while back. Floyd Wilson had a couple very fortunate moves with Petrohawk that didn't materialize with Halcon.
Posted on 2/2/15 at 10:49 am to PetreauxCat
Yeah.. Seems if A company wanted to buy Bakken or eagle ford assets they could choose from the thousand companies who don't have Tuscaloosa Shale acreage.
Posted on 2/2/15 at 10:58 am to The Egg
quote:
debt out this world, and could be a takeover target at this price?
They wish...they have crappy acreage, no one wants their junk.
quote:
other than that, would this be too risky a play?
Yes. More likely to go bankrupt and be sold off in pieces.
Posted on 2/2/15 at 11:11 am to The Egg
It is certainly risky.
Good luck.
Good luck.
Posted on 2/2/15 at 11:45 am to The Egg
Wouldnt touch it it, prices stay as is in six months there will be a bundle of smaller companies that overpaid for marginal acreage in those two play trying to offload it and they wont have the extra baggage of the TMS debt.
Posted on 2/2/15 at 12:53 pm to The Egg
I'm waiting until borrowing bases are adjusted in July/Aug before I even consider pulling the trigger on any of the independents. HK is fairly well hedged with 80% of their 2015 production hedged at close to 90 a barrel (according to a somewhat old investor presentation from August), so that coupled with reducing capex should allow them to de-lever some. If you assume that their undeveloped positions are worthless at $50 oil the question becomes what's the value of their PDP?
Posted on 2/2/15 at 1:02 pm to sneakytiger
Posted on 2/2/15 at 1:26 pm to Janky
interesting read, thanks for the link.
13/19 on that list are in the Houston area.
13/19 on that list are in the Houston area.
Posted on 2/2/15 at 2:19 pm to The Egg
quote:
13/19 on that list are in the Houston area
Well that's not surprising
Posted on 2/2/15 at 2:29 pm to Janky
The guy was promoting the hell outa SDRL and NAT last spring right when they were at the peak before oil fell.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News