sell

Found a new field to drill recently.

From a recent Mad Money show: "I have to tell you, one of these days they are going to come roaring back, but until then I cannot recommend it right now."

From a recent Mad Money show: "I have to tell you, one of these days they are going to come roaring back, but until then I cannot recommend it right now."

future of n/g

From a recent Mad Money show: "That's a speculative play, so it if you're not a speculator, I want you to sell."

Strong analyst recommendations. Past performance of Petro Hawk. Strong prospects for oil and natural gas in Marcella Shale and other shale fields.

Energy

From a recent Mad Money show:

"I've said wildcatters were speculative, but I am bullish on natural gas."

The firm acquired shares of Houston-based Petrohawk Energy (HK), an independent oil and natural-gas company, via Petrohawk's merger with KCS Energy, a Keeley holding. The new company found significant natural gas in the Haynesville Shale along the U.S. Gulf Coast, which may hold twice the reserves of the entire country. "This is an example of higher energy prices and new technology producing a significant supply response," Kindig says, adding that the potential is so huge that nobody has a good estimate on what will come onstream in the next five years. Keeley bought KCS at about 12 in 2003 and continued to add to the position after the merger. Petrohawk, which has been under significant selling pressure in the past three weeks as the price of natural gas has fallen along with the price of oil, was recently near 31. Kindig puts earnings at $1.28 a share this year and at $2.15 in '09, which is considerably higher than the Street's estimates.

Should be doing better