Since Petrohawk was cash strapped to fully develop the Haynesville and Eagleford properly (Floyd's words), Floyd sold HK to BHP for 38. I figure that he is in a very similar situation, with many of the same people, needing dilution or asset sales to keep the TMS going. Buyout coming. Maybe 15 if another Goodrich type well or three is reported.
Amazingly fuzzy wuzzy math,how on earth did you arrive at a $10 pps value,inquiring minds want to know.
For Pete sakes please provide a copy of this low ball bid sheet,,,let her rip,the MB would be much appreciative,,,I think you're going have to take a chainsaw to it,hatchet aint going to work.
At least we can take great comfort and solace in knowing that you will not have a snow balls chance in hell of spearheading the sell of the co.,,,,that'll put the butter my biscuit,,,for sure.
HAHAHAHA.....you think Wilson is going through all this for several years to build a multi-billion dollar E&P and he's gonna sell it for THAT cheap?? LOL
Try in the mid 20's at least, if not more!
The douche known as Weiss recommended Halcon at $10-$11 because of Floyd and all the wealth he created at Petro Hawk. I remember because I bought shares for my wife at $10 and when HK subsequently tanked Weiss had nothing to say until much later when he said he was wrong and had sold his stock. Actually Weiss wasn't wrong he was early. We have averaged down and are still holding strong.
Sentiment: Strong Buy
Weiss gave about the best endorsement for HK as you could get. Even praised that Petrohawks seismic specialist is now back with HK. He stated that Wilson is the best E&P guy around and he bought yesterday and added it to his Fastmoney stockpicker stock.