Halcon Resources Corp (HK): High Growth Opportunities in Shale Oil/Gas

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The company has grown its production and reserves over the last 8 years by focusing on 3-D seismic controlled horizontal drilling, becoming an industry leader in the category. Billionaire Ken Griffin’s has also made a recently disclosed investment that amounts to a 4.65% stake in the company.

Bottom line

The shale oil & gas industry has a bright future ahead as long as energy prices remain high; which seems like a reasonable bet given that emerging economies are hungry for resources to propel their economies.

Of the reviewed small caps, Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) seems like the better option currently. Halcon Resources Corp (NYSE:HK) needs to trim its debt load and Triangle Petroleum Corporation (NYSEAMEX:TPLM) should clarify its strategy looking forward (spinning out RockPile and focusing on drilling could be an interesting play).

Vanina Egea has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article High Growth Opportunities in Shale Oil/Gas originally appeared on Fool.com.

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