Petrohawk Energy Corp (HK)
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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This company should be taken out back and put out of its misery. The company has performed horribly and managment appears to be asleep at the wheel. Profit margins are down...Net profit margins are in the negative 160%! EPS down to negative 1299%. This company also is in a field that the government does not favor, and they don't have the captial to go green. Put the nail in the coffin this stock it done.
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This account tracks the performance of the investment firm Ruane, Cunniff, and Goldfarb - the investment manager of Sequoia Fund.
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Company reports production is up more than 50% over last year. Reconfirms guidance.
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one trick pony
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Gas production in Haynesville shale is through the roof.
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friend had it during big run-up
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Domestic natural gas boom coming? I like this company along with Petro Quest
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The Haynesville Shale: Petrohawk has completed 16 horizontal Haynesville wells in North Louisiana, and they are producing 160 million cubic feet of gas per day from these. Do the math.
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North America you say?
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New aditional volumes & reserve potentials.
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The Haynesville Shale will dwarf the Barnett. Natural gas will continue to be one of the fuels of choice under Obama.
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It should move up quite a bit during the first few months of the new year.
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Petrohawk is much more a 'pure' Haynesville shale play than the other larger independents and with their hedged Natural Gas position for 2009 at nearly $8.00 and rig rates starting to fall, they look good in the next year. Their position in the South Texas Eagleford Shale play is certainly a novel one.
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when gas prices rebound... and they will.... all additional $$$ goes to bottom line and current volume production = reasonal payback of investment
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Great 3rd. Q EPS,so get on board for the upturn in oils in the very near future.
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Way undervalued.
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Near 52 week low time to BUY BUY BUY.
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oversold

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