A Virgin Trader

A growing confidence over at Nighthawk Energy (AIM: HAWK)

Positive comments are appearing all across the media in regards future potential for Nighthawk Energy (HAWK: AIM).  Hanson Westhouse issued a note on Nighthawk Energy following yesterday’s full-year results, which showed higher revenues along with lower operational losses and costs for the period. These guys give it a 225p price target. That is a whacking premium on today’s share price of 40.25p.

Nighthawk MD David Bramhill reckons the next 12 months have ‘the potential to be transformational’ for the company. Nighthawk which floated back in 2007 at 25p, watched its share price climb to 87.75p before a very slippery slide to a low of 22p.

As the virgin trader bought into Nighthawk only last week this is all good news. Once again it’s time to sit back again, have a coffee and take in a little bulletin board fisticuffs.

Tags: Nighthawk

Nighthawk Energy (HAWK:LSE) the North American based explorer and hydrocarbon production and development company, is a stock I have been watching all summer. For most of that time I have watched the share price gently slide ever lower, is that about to change?

Apart from the completely irrelevant fact that any company named after a ‘Tom Waits’ track plucks on a heart string in by book, revenue has just jumped 3 fold and about time.

According to the company “Nighthawk is in a better financial position than at any time in its history and funds are in place for the development of its core projects for at least the next 12 months,” the company said, adding that it remains debt free. They also commented that operating losses were reduced by some 42 per cent as it continued with an ‘aggressive development and drilling programme.’

Perhaps those many depressed shareholders will have something to feel jolly about soon, excuse the well-worn pun.
Maybe it’s time to take a seat at the table?

A Virgin Trader

Tags: Nighthawk