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Penn Virginia Corp. Should Capitalize on the Haynesville Shale

Posted on July 01, 2008

Yesterday there was some interesting news with respect to the Haynesville Shale. Petrohawk (HK) stated that their first horizontal drill in that area was producing 16.8 million cubic feet of natural gas per day. I stated HK was a buy on theupdown.com 6 days ago and it is already up over 14%. Last March the CEO of Chesepeake (CHK) stated the Haynesville Shale may have 20 trillion cubic feet of natural gas. My call on CHK was 102 days ago and is up over 51% in that time frame. GMX Resources (GMXR), which I recommended 54 days ago on theupdown.com and is up 69.1%, was also up on the HK news. The ...

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drilling , gas