2 oz of Cognac
1 oz of tawny port (or port)
1/2 oz of pernod licorice liqueur
3 dash of Peychaud Bitters
1 tsp of fresh lemon juice (or Lemon Juice)
Pour all ingredients into a cocktail shaker half-filled with ice cubes. Shake well. Strain into an old-fashined glass 1/2 filled with ice cubes, and serve.