Wednesday, July 2, 2008

WAKE UP with FLOYD! ~ Petrohawk Energy Corporation (Public, NYSE:HK)


+5.42 (+11.29%)

another upgrade:


BUY ON THE DIP said...

BUY HK under $52!!!

HIGH IS $54.49....thats a mini dip.

buy some now, if it goes lower buy more.

go team!

Anonymous said...

Friedman, Billings, Ramsey & Co. raised its price target on shares of Petrohawk Energy Corp. Wednesday to $60 from $45, saying it now values Petrohawk's 275,000 net acres in the Haynesville shale at $7.4 billion based on a recent transaction.
Late Tuesday, Plains Exploration agreed to pay Chesapeake Energy an implied $25,600 per acre, or $1.65 billion in cash and $1.3 billion in present value of future costs assumed, for 110,000 acres in the Haynesville shale.

Friedman Billings reiterated its outperform rating on shares of Petrohawk, noting that the stock is up 142% in three months, but saying that its valuation is still not reflective of its inherent value of its assets if recent test wells and the Chesapeake/Plains valuation is extrapolated to Petrohawk's acreage position.

The firm estimates 2008 earnings for Petrohawk of $1.21 a share, while analysts polled by Thomson Reuters, on average, estimate full-year earnings of $1.06 a share.

Shares of Petrohawk, a Houston-based explorer of oil and natural gas, closed Tuesday at $48. Greg Saulnier gs/pc

Jeb said...

man... HK look so scary the way it is spiking up.

But I've been saying that since 40! ha.

Anonymous said...

back we go down to $48. buy on the dip!