Energy ETFs Jump on Petrohawk Deal
July 15, 2011 at 11:01 AM EDT
Exchange traded funds that invest in the energy exploration and production sector jumped Friday along with Petrohawk Energy (NYSE: HK) after the company said it has accepted a $12.1 billion all-cash offer from BHP Billiton (NYSE: BHP). Petrohawk shares jumped more than 60% as the deal assigned a...