Halcon Resources Corporation (NASDAQ: HK) is seeing its shares run higher after Chairman Floyd Wilson made a CNBC appearance discussing his prospects in oil and gas. This outfit holds its interests in fields located in Texas, Oklahoma, and Louisiana. With the former Petrohawk guys running the show here (and also with having the same old ‘HK’ ticker) and with a projected exit coming from a potential sale down the road, this company is being treated as though it is a virtual private equity outfit in oil and gas. The chart looks a bit odd because of a recent 1 for 3 reverse stock split which took effect just last week, but that should be updated in most quote systems very soon. Shares are up 7% at $12.90 on over 1.8 million shares traded so far today. The market cap here is currently almost $1.3 billion (previously reported as $340 million due to non-adjustment from Yahoo! Finance due to that split).
Halcon CEO Appearance Creates New Interest (HK)
By
Jon C. Ogg
Updated
·
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About the Author
Jon C. Ogg →
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. a673b.bigscoots-temp.com.
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