EFTA Document EFTA01357817

13 January 2015 HY Corporate Credit Energy Halcon Resources Relative value In the face of the dramatic downward shift in commodity prices over the last few months, the question hanging over the lower-rated credits is the sustainability of the business model itself. For HaIcon (H K). given its high leverage levels, this issue is even more relevant. In this context, the revised outlook provided by the management earlier this week is a major positive. The company said it would contain dri