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Oil-and-gas takes the pole among premarket gainers following Petrohawk's (HK +63%) $12.1B bid...

Friday, July 15, 2011, 8:58 AM ET
Oil-and-gas takes the pole among premarket gainers following Petrohawk's (HK +63%) $12.1B bid from BHP Billiton (BHP -1.6%) as it moves deeper into the U.S. shale. The deal values HK at 50% higher than 30-day prices. LNG +6.2%. CHK +5.6%. FST +4.7%. SD +4.2%. XCO +3.8%. EOG +3.7%. HES +2.3%.

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Art Trader Comments (120)

What should this tell us about the underlying assets? If all assets were equally valuable, what should we make of KinderHawk, the 50/50 partnership owned by PetroHawk and Kinder Morgan (KMP) (KMI) ? Though exploration (or gathering) represents only a part of Kinder Morgan's assets (mostly distribution infrastructure, pipelines), there should be at least a little bump. Imagine if their other assets are as undervalued?

15 Jul 2011, 10:27 AM Reply Like

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