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re: Haynesville Shale

Posted on 5/16/08 at 6:43 am to
Posted by TigerHeel 99
Shreveport
Member since Jan 2007
70 posts
Posted on 5/16/08 at 6:43 am to
2 years ago, that was a GREAT price...
Posted by TigerDog83
Member since Oct 2005
8349 posts
Posted on 5/16/08 at 8:56 am to
We've got interests with CHK and Samson under a lot of this stuff, so I can't relay any information, except that yes people are buying a bunch of crap acreage. Watch three years from now when a lot of this "fringe" acreage goes to smaller players in fire sales. I can tell you that there is no way this thing goes to Arkansas like some of the rumors are speculating. Also, I've already made close to $10 per share on Petrohawk stock and about the same on Chesapeake stock since February. It's probably still a good time to buy either one and sit for a while.
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