HK - Why Halcon Resources Is On The Verge Of Disaster

Halcon Resources (HK) is an independent energy company engaged in the acquisition, production, exploration, and development of onshore oil and natural gas assets in the US. While the company has had major difficulties for the past year relating to debt, liquidity, and cash burn issues, it has reached a crisis point in the last week in the wake of the company's Q1 2019 earnings announcement, dropping from well over $1 to around $0.28 at the time of writing. In this article, I'll take a look at HK's earnings as well as evaluate its

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