Saturday, August 30, 2008

Haynesville Shale - Petrohawk ( HK ) mentioned 8/29/08

A Morgan Keegan analyst resumed coverage on Petrohawk ( HK ) with a rating of Outperform.....$55-$60 price target.

This analyst cited that most of Petrohawk value is in unbooked natural gas drilling potential of the Haynesville Shale formation which is located in Louisiana and East Texas.

Petrohawk has around 300,000 acres in the Haynesville Shale field.