Monday, June 25, 2007

The flight of PETROHAWK (HK) selling & soaring!

Petrohawk Energy Corporation (NYSE:HK)

"The proceeds from the divestment of our Gulf Coast division will significantly strengthen our balance sheet and allow us to continue to grow our already strong position in tight gas development areas," ....he speaks!!!! our vote for PRESIDENT! ...FLOYD WILSON...ohh wait , he already is....and we believe!

"tight gas" is tight...!!! halla.

Today our baby, BOTD pick of the year, and sum of the parts are worth more than the current share price, Petrohawk (HK) announced plans to sell its Gulf Coast division and focus on the Fayetteville and Woodford shales...and also said it plans to form a Master Limited Partnership (MLP) with some of its Permian and Arkoma basin properties...and as previously posted in the BOTD....hmmmm....3rd quarter filing IPO of MLP unit!...can you' money!

March 5, 2007
Wilson, Floyd C

We believe our boy is going for a double, ...would he settle for less? ... (that means a target price of $24/share)

more PETROHAWK (HK) news:


Anonymous said...

Among the benefits of forming an MLP, management believes the move will "create additional stockholder value by increasing the valuation metrics of the reserves contributed to the MLP and [will] strengthen the Company's financial position and allow it to fund the development and acquisition of resource style properties within its core geographic regions." The announcements sent Petrohawk shares higher in pre-market action, gaining 4.48%, or $0.74 to $17.25, as of 8:34 a.m EST

Anonymous said...

HK down 3% today...

is this a BUY ON THE DIP?

Anonymous said...

The hawk has changed its ways today... instead of soaring its now a dive bomber. What should we do? Keep or sell? I have a large position in this company and with the rising 10-yr bonds I am hearing all sorts of terrible market news which I must say worries me.

Anonymous said...

if you bought on our original RECO, you'd be up 12.72% overall.

and at times we've been over the 20% gain mark.

from our post last night, we are waiting until late 3rd quarter.

Anonymous said...

i am up big on HK because of this site (thanks BOTD) and i have a limit sell at $15.68 ...atleast i will get a 10% gain.

guaranteed win!

Anonymous said...

under $16 today, should we buy the dip? oil is up, but these stocks are down, why?

Anonymous said...

I lost all my profit on this one... it's below where i bought it @

Anonymous said...


16.10 +0.16 (1.00%)