$23.51
-1.01 (-4.12%)
Petrohawk Energy Corp (HK)
CAPS Rating:
An independent oil and natural gas company engaged in the acquisition, development, production and exploration of oil and natural gas properties located onshore in North America.
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Fool UK
Recs
A quiet nobody whose senior staff has successful experience and history of building up their companies (w/ intention of selling), have watched this company progressively increase successful drililng of new reserves and selling off excess property that hasn't proven as rich as others in reserves.
Quite a lot short-term volatility due to fluctuating oil and fuel prices but long-term profitibility is steadily rising.
Still a chance that management is preparing this company for selling to larger operation. Although that sort of activity has greatly diminished the last several months.