The Haynesville Is Hothttp://www.fool.com/investing/value/2008/07/01/the-haynesville-is-hot.aspx Toby Shute
July 1, 2008
It seems that not a day goes by without some news out of the smoking-hot Haynesville shale. The news flow is downright torrid for such an early-stage natural gas play. Of course, few investors had heard of companies like Goodrich Petroleum (NYSE: GDP ) or GMX Resources (Nasdaq: GMXR ) before Chesapeake Energy (NYSE: CHK ) blew the story wide open back in March. You can hardly blame these companies for flaunting their stuff.
The most typical Haynesville announcement consists of a company updating its acreage position and/or resource potential in the play. Forest Oil (NYSE: FST ) delivered exactly that sort of press release yesterday.
The Denver-based E&P reported some dreamy figures -- 90,000 net acres wit