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.
The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.