Halcón Resources: Success In The TMS Redefines Upside Potential

Recent drilling results in the Tuscaloosa Marine Shale, both by Halcón and other operators, indicate that the play’s ultimate success is increasingly probable.A week ago, Halcón received an important endorsement of its TMS asset from Apollo Global Management in the form of the first tranche of a $400 million mezzanine financing.Given the scale and quality of Halcón’s position in the TMS, the asset may prove defining for the stock’s valuation.Factoring in the potential impact from the TMS, the stock’s risk/reward profile appears favorable.

via Halcón Resources: Success In The TMS Redefines Upside Potential – Halcon Resources Corporation NYSE:HK | Seeking Alpha.