Day: September 17, 2007

Petrohawk Energy (HK). ($15.72 as of 9/17/07) Operational Summary: They are active in the Cotton Valley trend of North Louisiana and have nascent but growing positions in both the Fayetteville and Woodford Shales. Management: Another subscriber to the "under promise and over deliver" school of management, the company perennially exceeds and then raises forward guidance…

Crude down $0.60 to $0.75 to about $78.40 early while NG is trading up about a dime to around $6.40 as Ingrid, now weakened to a tropical depression, continues to survive windshear and to track on a more westerly course than previously expected. Ingrid is not expected to re-strengthen at this time. As in most…