Top Basic Materials Stocks are WFT, SWN, HK

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Weatherford International Ltd. (NYSE:WFT)   is amongst the top gainers in the early few minutes with a massive volume of 3.75 million shares and zoomed 1.11% at $16.82.  The stock has a 52-week range of $9.01-$23.75. Weatherford International Ltd. is a provider of equipment and services used in the drilling, evaluation, completion, production and intervention of oil and natural gas wells. The Company operates in approximately 100 countries, which are located in nearly all of the oil and natural gas producing regions in the world. Its geographic reporting segments include North America, Latin America, Europe/West Africa/the Commonwealth of Independent States (CIS) and Middle East/North Africa/Asia.

Southwestern Energy Company (NYSE:SWN) rallied 2.78% to $46.66 on a massive volume of 2.19 million shares. The stock has a 52-week range of $25.01-$50.61.The company announced that for fiscal 2010, it is targeting total gas and oil production of 400 to 410 Bcfe, up approximately 36% (using midpoints) over the Company's current forecasted fiscal 2009 production of 297 to 300 Bcfe.

Petrohawk Energy Corporation (NYSE:HK) surged 2.45% to $24.67 with a huge volume of 1.74 million shares.  The stock has a 52-week range of $13.50-$28.49. Till date in this year the stock has rallied over 57%. Petrohawk Energy Corporation is an independent oil and natural gas company engaged in the exploration, development and production of the natural gas properties located onshore in the United States. The properties of the Company are located in Louisiana, Texas, Arkansas and Oklahoma.

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