Fools may be aware that I've been picking on Petrohawk Energy
First it was the dilutive equity offering, intended to fund accelerated growth at a time when others like EOG Resources
Based on comments by EnCana
My second criticism directed at Petrohawk and fellow Haynesville dwellers like Goodrich Petroleum
My purpose today, however, is to compliment Petrohawk.
Like countless other firms during the market meltdown, the company adopted a Stockholder Rights Plan, also known as a poison pill. I elaborated on the mechanism behind (and my general opposition to) such plans here. My skepticism toward Brigham Exploration's
Petrohawk showed a great deal of restraint by limiting the life of its plan to one year at the outset. In contrast, Southwestern Energy
So, well done, Petrohawk. Now if only your insiders would stop selling so many shares, maybe you'd get a thumbs-up from me over in Motley Fool CAPS.
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