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 say...mo' money!

March 5, 2007
Wilson, Floyd C
Purchase
100,000
11.49-11.69
2,808,540
$1,160,253
We believe our boy is going for a double, ...would he settle for less? ... (that means a target price of $24/share)
BOTD!
more PETROHAWK (HK) news: