Thursday, May 8, 2008

NEVER DOUBT FLOYD! ~ Vol. 26 ~ Petrohawk Energy Corporation (Public, NYSE:HK)

CEO of the YEAR! 

PETROHAWK (HK) ~ NEW 52 Week HIGH of $26.81! 


" I have a map to profits, ... go team! "


DIPfolio Update: 

BUENVE VISTA (BVN) hit $68+  ... did you take some profits? we did. 

VIMPEL (VIP) broke $34 ... HUGE PROFITS for the DIPfolio!  BOTD option lovers, ... VIQEF "hit" $4.20 today ;-)  *VIP EARNINGS the 16th* 

p.s.  one word = LEHm (daily low of $41.61)  ... How about AIG? ha. 


BUY ON THE DIP said...

go read or listen to FLOYD on the conference call. such a pimp.

In the Haynesville Shale, Petrohawk has ceased a rare opportunity. Over the past year we have accumulated a large amount of data on the Haynesville Shale, and we believe the attributes for success in the shale play are all present. And now we have commenced a very aggressive drilling program. We have acquired or have commitments for over 150,000 net acres in this play.

Petrohawk comes into the Haynesville... came into the Haynesville Shale play with approximately 40,000 net acres already in hand in Elm Grove, Longwood and Joaquin. Leasing in this area is highly competitive. The tough competition is a natural outgrowth of the potential of this play.

We're in an awesome position here. We have several early mover advantages. We're leveraging our experience in the Fayetteville Shale to evaluate and plan a significant ramp-up activity in the Haynesville Shale. We have proven our ability to successfully drill and complete technically challenging horizontal shale wells. And we've shown that we can get a large scale development up and running quickly. We have analyzed approximately 50 Haynesville specific data points and with our program at Elm Grove we're in extremely active driller in the area already. We have infrastructure advantages that will play a key role for us.

We're well staffed.

...... good pimps are always well staffed. go floyd!

BUY ON THE DIP said...

new 52 week high today!!!


Floyd is the man!