I am in ... Third Time ..Bought 10,000 yesterday near close @ $3.59. (this equity has a defined trading range)
I recognise it could be a rough ride through Dec however Target price $6. It should rise after Jan 1st/13. This $150,000,000 was NOT a negative. It brightens the future!
our estimated net asset value for MHR is $11 per share:
$9 for proved reserves, $6 for probable reserves, $1 for possible assets, $2
midstream asset, and roughly $7 for debt. Our NAV estimate and price target
for MHR is $11.00.