When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
HK - Halcon Resources: A Review Of Its 2019 And 2020 Outlook
Halcon Resources
Halcon Resources (HK) is expected to have a significant amount of cash burn in 2019 due to a combination of production growth, infrastructure build-out, low Permian natural gas prices and elevated gas treatment costs. By 2020, Halcon's infrastructure and gas treatment costs should be quite reduced, while Permian natural gas prices should recover somewhat. Thus, Halcon may be able to deliver positive cash flow in 2020 at current strip prices, albeit without much production growth.
2019 Outlook
Halcon expects an average of 20,500 BOEPD (57.5% oil) in production during 2019. This is a