27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
HOUSTON, TEXAS, Dec. 16, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK)("Halcón" or the "Company") today announced that, subject to marketconditions, it intends to offer an additional $400 million inaggregate principal amount of its 9.75% senior unsecured notes due2020 (the "additional senior notes"). The additional seniornotes are being offered as additional notes to the $750 millionaggregate principal amount of 9.75% senior notes due 2020 that theCompany sold in a private placement that settled on July 16,2012. The additional senior notes and the existing notes willbe treated as a single class of debt securities and will haveidentical terms, other than the issue date and issue price, exceptthat the additional senior notes will initially be subject torestrictions on transfer under applicable securities laws.
Halcón intends to use the net proceeds from theoffering to repay a portion of the outstanding borrowings under itssenior secured revolving credit facility.
The offering will be made only to qualifiedinstitutional buyers pursuant to Rule 144A and to certain personsin offshore transactions pursuant to Regulation S, each under theSecurities Act of 1933 (the "Securities Act"), asamended.
The additional senior notes have not beenregistered under the Securities Act or any state securities lawand, unless so registered, may not be offered or sold in the UnitedStates except pursuant to an applicable exemption from theregistration requirements of the Securities Act and applicablestate securities laws. This press release shall notconstitute an offer to sell or the solicitation of an offer to buythe securities.
Forward-Looking Statements
This release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933 andSection 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertainties,such as financial market conditions, changes in commodities pricesand the other risks discussed in detail in the Company's AnnualReport on Form 10-K for the year ended December 31, 2012 and othersubsequent filings with the Securities and ExchangeCommission. Readers should not place undue reliance on anysuch forward-looking statements, which are made only as of the datehereof. Halcón has no duty, and assumes no obligation,to update forward-looking statements as a result of newinformation, future events or changes in the Company'sexpectations.
About Halcón Resources
Halcón Resources Corporation is an independentenergy company engaged in the acquisition, production, explorationand development of onshore oil and natural gas properties in theUnited States.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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