Will Halcon Resources Make It?

Mar. 14, 2016 6:18 PM ET  seekingalpha.com

Summary

• Total production costs last year were $17.80 BOE and the company forecasts no decrease in those costs this year.
• The value of the hedging program is nearly $400 million which is pretty sad.
• The company has very little cash on hand, and the bank line has all kinds of covenants.
• Interest costs on the debt appear to be at least $14 BOE in 2016.
• Even reorganized, the company may not have the acreage to survive the current low commodity pricing environment.

Link to full article:  http://seekingalpha.com/article/3958353-will-halcon-resources-make