Morningstar Rating

Stock Research and Analysis

by Robert Bellinski, CFA

Bulls Say

Floyd Wilson is one of the most highly regarded oil and gas CEOs in the industry, with a proven record of discovering new plays.
Halcon's efforts to improve drilling and completion techniques in the Bakken raised initial production rates by 163% in the first half of 2013.
Affiliates, insiders, and employees own over 50% of Halcon's fully diluted shares, and management and directors have continued to make direct purchases of shares in recent months. Read more 

Bears Say

The majority of Halcon's portfolio is in the early days of exploration. Poor drilling results could severely hamper the firm's prospects to attract an acquirer and ability to generate returns above its cost of capital.
Halcon is not the top producer in any of the plays in which it is actively drilling, which could lead investors to favor other E&Ps with higher production or larger and more contiguous acreage positions.
Exuberance over Wilson's involvement in an early-stage E&P could prompt shares to trade in wild swings over the short term. Read more 

Management

Management has a record of successful exploration, development, and sale of oil and gas assets, and we believe it is a standard steward of shareholder capital.
Chairman and CEO Floyd Wilson is no stranger to the oil patch, and he's very familiar with   Read more 

Profile

Halcon Resources is an independent oil and gas producer in the United States. The company operates in four regions: the Bakken in North Dakota, the Utica/Point Pleasant   Read more 

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