Several U.S. onshore producers make Moody's "probability of default rating," or PDR, list. Those downgraded to PDR in the second quarter to "Caa2-PD" and below include some familiar names.
Aubrey McClendon-led American Energy-Woodford LLC is on the PDR list, along with Halcon Resources Corp., Magnum Hunter Resources Corp., Quicksilver Inc., Sabine Oil & Gas Corp. and Warren Resources Inc. Oilfield services provider Preferred Proppants LLC also saw its PDR cut to “Caa2PD.”
All of your questions have been answered on this board numerous times, on the MHR website and in the SEC filings today. I would suggest that you do some homework.
You are correct that we will not get any further reports since they are under 5%. I would disagree with you that they are almost done. They have sold 20 million shares and have 10 million more to sell. 10 million shares is a lot of shares to sell and at the rate they are selling we probably still have at least 3 weeks left to go. We are closer to the end of this selling than the beginning, but still 10 million shares.
Hmmm. You are wrong. But you don't care about being wrong, therefore you are useless. The pipeline is a goldmine and the best way to get gas out of SE Ohio and SW West Virginia. I've watched your posts for years and there is no real way to describe the level of your tardedness.
You sir are an idiot. The only thing 'no one' is going to do is listen to you.
Sentiment: Strong Buy
no one is going to buy the pipeline no one is going to but the company no one in their right mind would buy this pos, no one.
Sentiment: Strong Sell
I'd love to get them in the mid/upper ..70's
To me it looks like about then is when the RSI will hit the oversold line. It could take a week or 2 to get there IMO... That is why i wonder where relational stands now at the moment with Earnings coming out on the 15th also.
To the bashers who say wait until .50 or cheaper, you know where to stick that thumb!! I'll buy more instead of selling. Averaging down until it reverses for the win!!
Just starting my DD but to me it looks like Relational bought 30m shares at the high back in May 27th 2014... Was that their entire holdings and only purchase?... My word they took a bath!!
Can anyone tell me how many shares they have left now? I saw someone say they are down to under 5% now..... I'm looking to snag up 10-15k shares soon. Maybe 20k if she drops some more.
Also, what is the estimated total value of the pipeline if/when it sells?
Ps, to the thumbs down brigade here, you know where to stick that thumb!! When Relational is done and the pipeline sells, LIFTOFF!! IMO, just trying to nail it.
Just filed - looks like they are below 5%. We will not get any more data from them. This is great news, as the known seller is almost gone. If MHR can get us some good news on Monday, or at least by next Friday, we should bounce nicely.
the only reality check is your oil and gas god put this company so far in debt there's no way out, BK is the only solution.
Sentiment: Strong Sell