Five-Day Trend Shows Markets Like HK Divestiture Plans

On September 20, Halcon Resources (HK) announced plans to divest its remaining non-operated oil assets in the Williston Basin to an undisclosed company for $104 million. Halcon started selling assets in the Williston Basin earlier this year in order to pay down its debt and focus on its operations in the Delaware Basin.

 

Sonal sent out a level 3 alert at 7:00 am, and the next trade was at $6.25 after the market opened.

 

The stock soared in the first few hours of the day and continued its trend up for the next four trading days.

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