Maybe, maybe not? The "Cat" hasn't landed just yet, so don't know if on it's feet or back? There will be BK court filings first, and a Company PR and the usual media releases. Then we'll know without a doubt. I was more inclined to believe that the "Halt" was due to HK's move from the NYSE to OTC as espoused by Benzinga? There could be a combination of "Things"? One thing's for sure, we'll all know soon enough. Investor's, or otherwise, and just deal with it!
All IMO! GLTA/HK
HK delisted from NYSE tomorrow...
Daily List Events
Date/Time Event Type Eff/Ex Date/Time Symbol Issue Name Market
07/22/2019 16:20:23 Market Center Change Delisted from NYSE 07/23/2019 00:00:00 HKRS Halcon Resources Corp. Common Stock Other OTC
Market Move from NYSE [HK]
Daily List Date/Time 07/22/2019 16:20:23
Event Type Market Center Change Delisted from NYSE
Effective/Ex Date/Time 07/23/2019 00:00:00
Issue Name Halcon Resources Corp. Common Stock
Market Category Other OTC
Offering Type No Restrictions
OATS Reportable (Rptbl) Flag Yes
Unit of Trade 100
Regulatory Transaction Fee Flag Yes
Daily List Comment Market Move from NYSE [HK]
The CH11 or even CH7 Bankruptcy should be announced as soon as today! Then the price will crash to as low as 0.01...
Trading halted, for imminent news, so we will find out soon enough. Either way, it won't be a major gain or loss for me. I did add another 1300 shares at .161 earlier. And no idea who drove the price up a few weeks ago? Might should have sold what I could then! ;p
After review of current available info posted here and elsewhere, I'll likely add to my HK holdings tomorrow should the pps drop any further, if for no other reason but to bring my avg pps down a bit more. News, be it good or bad, is likely to be released by EOM so it won't be too much longer before we have the answer to SH's most pressing question, is it, or isn't it "curtains" for HK? This stock was good to me the previous time I invested in it, so I'm going to give it another shot! HK kinda reminds me of a cat, in that it always seems to land on it's feet. If not, then there's always the "dead cat" bounce. ;p
Which will it be? Time will tell, always does. All IMO. GLTA & HK!
No, HK will file the Bankruptcy in July! The only thing undecided is CH7 or CH11 case? Anyway I'm still holding my remaining shares for flipping at $0.2xxx since all those shares are free of cost.
The current Bottom $0.156 will be broken down in the next week...
Why Halcon Resources (HK) Is On The Verge Of Disaster?
I'm very glad to have flipped HK for Ten Times already with a couple of millions shares each time!
Hopefully $0.05 will be the Bottom before the Pos Scam (Zero Cash on hand) file its formal Bankruptcy...
2.4 3.5 2.0 1.6
According to analysts, they ain't gonna be profitable until 2021 at the earliest.
Equities research analysts expect Halcon Resources Corp (NYSE:HK) to report $74.28 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Halcon Resources’ earnings. The highest sales estimate is $82.72 million and the lowest is $65.83 million. Halcon Resources reported sales of $55.42 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 34%. The company is scheduled to announce its next quarterly earnings results on Wednesday, August 7th.
On average, analysts expect that Halcon Resources will report full-year sales of $296.58 million for the current year, with estimates ranging from $268.39 million to $324.76 million. For the next financial year, analysts forecast that the company will post sales of $336.65 million, with estimates ranging from $336.49 million to $336.80 million.
Which day HK will file the CH11 or CH7 Bankruptcy in July? Thanks in advance!
Amen! I bought back in when it first went off the "edge" and have just over 11,000 shares with a .28 pps avg. As we all know, the primary question hinges on whether or not HK BK's? Hopefully, the new CEO will be able to work out some sort of "deal" to save HK? There's also a chance BK could be avoided with a R/S and/or increase in A/S and remain NASDAQ compliant while raising enough $$$ to satisfy their "creditor". Would suck for those with higher pps avgs, but at least avoid having to file BK again, while exploring other alternatives.
"If good news comes", it will be welcome by all current SH's! ;p
All IMO. GLTA/HK!
"if good news comes"...the cry of the penny stock world.
98% owned by institutional investors, 24% of the float shorted. If good news comes this should move up with gaps back towards .50 or higher. I
Investor Name % Shares Outstanding Current Position Value
($MM) Position Date
Ares Management LLC 12.76 20,955,865 27.24 04/05/19
Wilks Brothers, LLC 9.57 15,718,609 21.22 03/31/19
Oaktree Capital Management, L.P. 7.00 11,500,000 15.53 03/31/19
Schneider Capital Management Corporation 5.34 8,768,396 11.84 03/31/19
BlackRock Institutional Trust Company, N.A. 5.13 8,422,082 11.37 03/31/19
BlackRock filing yesterday shows they now own 3 million $hk.
Looks to me like a pump and dump occurring
$HK is way undervalued at current pps. With new CEO in charge I expect to see a nice return here over the coming months, particularly strong potential in the next week
Halcon Resources pulled off an average positive earnings surprise of 170% in the last four quarters. The company’s long-term earnings growth is pegged at 20.60%.
The so-called "BV" here is meaningless due to the pile of Giant debts ($700M) and almost ZERO cash on hand (mere $190K)! Bankruptcy will be filed anytime from now on! However we could still flip for huge gains before CH11/CH7...
Institutions have loaded last quarter. Looks like more value here keeping $5.78 BV in view. Let us see..
HK hit $0.23 as I predicted! I just made huge quick gain today! I'll keep my all remaining shares to sell at $0.23 ~ $0.29 if it is possible...
Monday open 5c or lower. 11 or 7 b4 Monday open.
ZERO cash on hand! The CH11 or even CH7 Bankruptcy will be filed in July --- anytime from now on! So I wish no Bankruptcy filing in the next week so that I could flip out all my 5M+ shares HK at $0.2xxx in the coming week since I bought them at $0.156x ~ $0.16xx...
Hopefully HK won't crash to 0.01 or below after the CHxx Bankruptcy!
CH11 as you said. You are smart...Value..
Filed already. Watch for 5c tomorrow...
The CH11 or CH7 Bankruptcy will be filed in July (this month) --- anytime from now on... No R/S since HK will be a "Q" stock very soon!
Institutions own at lease 95% of outstanding common shares and pressured former president to resign. I think by hiring Richard Little, who was able to sell AJax after just nine months on the job, was a strategic hire.
I look for Halcon to be sold. Analyst still value the company around $3.50
I don't expect a RS nor Bankruptcy.
Why HK crashed to $0.1652 so far? Any bad news today? Anyway its New Bottom $0.156 seems unbreakable! No CH11/CH7 yet!
I can't tell if the stock has hit bottom yet. I guess I give them credit for somewhat finding a floor so far and sort of holding it.
In my opinion, there are too many other undervalued oil companies to buy instead.
Now, if you were a bottom fishing penny stock player, this one looks as good as any.
Will HK first bounce back to last week's high $0.2082 from yesterday's New 52-week-low $0.156 before it crashes to Another New low $0.10? They don't need any R/S at all since the company will file the bankruptcy very in July...
New 52-week-low $0.156 today! Will HK bounce back to last week's high $0.2082 again? Or it will crash to $0.10 as soon as this week?
Zero possibility for what you speculated! 99% possibility to file the Bankruptcy in the next month (July) which is just Nine days away! As I said $0.395 will be the forever Top ceiling price no matter what will happen! Another new low $0.10 should be hit in the coming week...
Hopefully HK will have a strong short bounce from $0.1 to $0.2 afterwards!
Why it closed at $0.1647 while the bid was $0.1705?
Anyway 92,097 shares dumped at $0.1648 except 311,282 shares dumped at $0.1647 so far in AH!
For investors, buying shares of an undervalued stock is good.But there is something much better.I’m talking about buying shares of an undervalued stock where there is also a near-term catalyst on the horizon that will force the market to properly value the company. Value with a catalyst. Yes, that is much better.With that in mind, I present to you Halcon Resources (HK).
Halcon Resources Corporation (NYSE:HK) ("Halcon" or the "Company") today announced it has closed on the previously announced divestiture of all of its water infrastructure assets across the Delaware Basin to a subsidiary of WaterBridge Resources LLC for $200 million in cash.
In addition to the $200 million received today, the Company has an opportunity to earn potential incentive payments of up to $25.0 million per year for each of the next five years ($125 million total) subject to Halcon's ability to meet certain annual incentive thresholds which will be driven by, among other things, the Company's development program.
Halcón Resources Corporation (832) 538-0300
1000 Louisiana St., Suite 6700 Houston, TX 77002
Company ProfileHalcón Resources is an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States.
At December 31, 2011, we had 188 employeesStrategy
- Follow a proven model
Concentrate efforts in emerging liquids-prone plays in the United States
Maintain operational control
Exploit advances in technology
Aggressive portfolio management
Focus on lifting costs
Maximize price realizations (control infrastructure)
Simple capital structure - long-term focus on liquidity
Protect cash flow (hedging portfolio)
Maintain strong balance sheet
CREATE SHAREHOLDER VALUE
Floyd C. Wilson, Chairman, President and Chief Executive Officer, commented, "We plan to continue our evaluation of the Company's existing assets and expect to quickly implement our growth strategy. We have already identified several emerging liquids plays that we believe will be core areas for the Company in the near future."
- September 28, 1987: RAMCO Holding Corp., the corporation that eventually became RAM Energy, Inc. founded as a Delaware corporation
October 26, 1987: RAMCO Oil & Gas Inc.: RAMCO Holding Corp - General Partner Double R Corp - Special General Partner and New York Life Insurance Company - Limited Partner form RAMCO - NYL 1987 Limited Partnership for $25,000,000 on October 26, 1987 and Expanded to $29,000,000 on September 23, 1988; $79,000,000 on November 1, 1988; and $140,000,000 on March 29, 1989
November 1996: RAMCO Operating Company (formerly RAMCO Holding Corp.) acquires all of the RAMCO-NYL 1987 Limited Partnership interest from New York Life Insurance Company for $62,800,000
December 1, 1997: RAMCO Operating Company dissolves RAMCO-NYL 1987 Ltd. Partnership and acquires all assets and properties of the partnership
December 31, 1997: RAMCO Operating Company changes its name to RAM Energy, Inc.
February 24, 1998: RAM Energy, Inc. acquires common stock of Carlton Resources Corporation for $43,000,000
August 1998: RAM Energy affiliate RVC Energy, Inc. acquires the stock of Comet Petroleum, Inc. for $27,000,000
December 2004: RAM Energy, Inc. acquires WG Energy Holdings for $82,000,000
May 8, 2006: RAM Energy, Inc. merges with a subsidiary of Tremisis Energy Acquisition Corporation, a publicly-held specified purpose acquisition corporation; RAM Energy, Inc. becomes a wholly-owned subsidiary of Tremisis and Tremisis changes its name to RAM Energy Resources, Inc.
May 9, 2006: RAM Energy Resources, Inc. common stock, warrants and units begin trading on the NASDAQ Capital Market under the symbols RAME, RAMEW and RAMEU, respectively
November 29, 2007: RAM Energy Resources, Inc. acquires Ascent Energy Inc. in a reverse subsidiary merger for total consideration of $286,000,000
July 7, 2008: RAM Energy Resources, Inc. named to the NASDAQ Global Market
May 5, 2011: RAM Energy Resources, Inc. announces change in stock ticker symbol from RAME to RAM
December 22, 2011: RAM Energy Resources, Inc. announces agreement for $550,000,000 recapitalization with Halcón Resources, LLC
February 8, 2012: RAM Energy Resources, Inc. announces successful $550,000,000 recapitalization with Halcón Resources, LLC
- RAM Energy Resources, Inc. announces corporate name change to Halcón Resources Corporation
Halcón Resources Corporation announces change in stock ticker symbol from RAM to HK
Board of Directors
The following table sets forth the names and ages of all current directors, the positions and offices with us
held by such persons, the years in which their current terms as directors expire and the length of their continuous
service as a director:
Name Director.................................... Since... Age ..........Position Expiration of Term
Floyd C. Wilson . . . . . . . . . . Feb. 2012 64 Chairman of the Board, President and Chief Executive Officer 2012
Tucker S. Bridwell . . . . . . . . Feb. 2012 60 Director 2012
James W. Christmas . . . . . . . Feb. 2012 64 Director 2014