TheStreet.com thinks that Petrohawk's share price could quadruple by 2015:http://www.thestreet.com/_yahoo/story/10875299/1/petrohawk-s...Their justification is HK's increasing output from the Haynesville Shale area, increasing earnings (ignoring one-time, non-recurring losses), and raising cash through divestitures, cost-cutting, and refinancing debt. Their conclusion:See Petrohawk for what it is: a volatile mid-cap stock with potential for serious outperformance -- but also a considerable amount of risk. Don't buy it if you're risk averse. If you do buy the stock, keep the amount reasonable -- no more than, say, 2% to 4% of your total portfolio. That way, you'll get a benefit if it performs as projected, but you won't suffer terribly if it doesn't meet expectations or the worst case materializes. A final note on one of the intangibles at play here: Petrohawk is the third major oil and gas startup of founder and CEO Floyd C. Wilson. His plan for Petrohawk is to accomplish what he did with the prior two -- sell when the time is right at a nice profit for shareholders.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Rat