HALCON'S DILUTION SOLUTION

摘要

We remember what Floyd Wilson created in past iterations—a series of build-and-sell E&Ps culminating in the $15-billion exit of Petrohawk Energy four years back. Investors joined him in his newest venture, Halcon Resources, anticipating even greater rewards. But the precipitous plummet in oil price caught Halcon at an exposed moment, a point in time when it was heavily levered on its way up to resource accumulation and delineation in the Bakken Shale, the East Texas Eagle Ford, the Utica and the Tuscaloosa Marine Shale.