Staying away from a company that has seen shares drop 47% over the past year is a pretty good idea. In the case of Halcon Resources (NYSE: HK ) , though, this massive sell-off may have been enough of a sign to management that it needs to get its finances in order. Based on its spending plan for 2014, the company looks like it will do just that.
Halcon plans grow production by 61% in 2014, and do that while spending 35% less than the year before. By dedicating more money toward drilling and looking to cut costs, it is very possible. Find out what steps Halcon has made to make this plan possible and why its 2014 plan could make it a better buy over its peers Rosetta Resources (NASDAQ: ROSE ) and Carrizo Oil & Gas (NASDAQ: CRZO ) , tune into the video below.
What will be 2014's version of Core Labs?
The Motley Fool's chief investment officer really nailed his 2013 top stock pick with oil services company Core Labs, which is up 88% since it was picked! Now, he has selected his No. 1 stock for 2014, and it's one of those stocks that has the potential for a great year ahead. You can find out which stock it is in the special report: "The Motley Fool's Top Stock for 2014." Simply click here and we'll give you free access to the name of this stock.