HK) to $22 and noted, according to a synopsis of the Petrohawk outlook reported on Benzinga.com, "The quality of HK's acreage is undeniable. However, in this gas price environment, the valuation of its assets is tough. While a good number for its Fayetteville sale should drive the stock in the short-term, further upside could be driven by the market's realization of the value of midstream." Investors who have been following the acquisition activity in the energy space might be wise to recall that Jefferies energy investment banking team has become a leader in these deals, and had a prominent role in the Chevron-Atlas Energy transaction. It's no surprise, then, that a recent poll of TheStreet readers revealed that Petrohawk is the consensus bet to next be acquired by an oil major looking to bulk up on natural gas. Approximately 38% of survey respondents said that they were placing their bet on Petrohawk to be the next acquisition. Last week's trading activity reflected this survey sentiment, too, with Petrohawk up in trading slightly more than the rest of the usual suspects in the nat gas M&A landscape. Whichever firm, or firms, is acquired next, timing may be harder to peg than the likely takeover target. RRC), for example, could command a much higher premium for its acreage than Atlas Energy, and that could mean a much longer road to getting buyer and seller to shake hands across the bargaining table.