Tuesday, October 9, 2007

PETROHAWK (HK) ...new 52 week high and a short squeeeeeze!

PETROHAWK ENERGY CORP COM (HK: NYSE)
NEW 52 week HIGH!
18.20
10/9/07
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2 comments:

Anonymous said...

Petrohawk Energy Corp. (HK, Trade ) shares rose.

CEO Floyd Wilson said the company expects to announce a sale of assets on the Gulf of Mexico in the near future and that the transaction will weigh in at around $700 million to $900 million. Speaking at the Natixis Bleichroeder Hidden Gems Conference, Wilson said he plans to sell Petrohawk Energy down the road, but for now the merger and acquisition pace in the energy and exploration pace is too slow.

October 9, 2007 at 12:14 PM
Anonymous said...

Petrohawk Energy Corp. (HK) Chief Executive Floyd C. Wilson said the company expects to announce a sale of assets on the Gulf of Mexico in the near future and that the transaction will weigh in at about $700 million to $900 million.

Speaking at the Natixis Bleichroeder Hidden Gems Conference, Wilson said he plans to sell Petrohawk Energy down the road, but for now the merger and acquisition pace in the energy and exploration sector is too slow.

The company plans to move ahead with is plans to launch a master limited partnership, HK Energy Partners, and develop oil and gas resources in Louisiana and Arkansas, he said.

"We're going to sell the company, I just don't know when," Wilson said.

October 9, 2007 at 12:47 PM

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