"When Mr. Evans appeared on 'Mad Money' recently, his last words were something to the effect, "2013 will be a good year for Magnum Hunter." That comment was followed by the revelation contained in MHR's 8-k that the company would not be able to file on time. And that revelation was followed by 'Cramer's' last words on 'Mad Money' to the effect, "Hey, Magnum Hunter, don't come on my show if you can't report on time!!!" Since that time, there has been absolutely no response from MHR/Mr. Evans regarding the subject at hand.
Even if MHR was in a 'silent mode' because of a pending transaction, why would that prevent them from expounding on their 'anticipated' filing on March 18th? Could it be that MHR will not be able to meet this seemingly self-imposed deadline?
Do you believe that investors are on terra firma when expressing their current frustrations with MHR and Mr. Evans? Maybe you'll be kind enough to allow Mr. Evans to read my message so he can decide.
I am posting this message, excluding my name and email address, on the Yahoo/MHR message board.
The very first thing to learn about investing in oils is the types of personalities it attracts, especially the smaller O&Gs.
Even if they smile a lot, it tends to attract people with big egos. That means they want to be successful in their industries. Another big trait is that these guys tend to be independent. Think of them as government employees of the business world.
And what that means is that they will eventually deliver, but when they get to it and not on somebody else's schedule. And remember, they are dealing with other people that tend to have the same general outlook.
That means that your money is thought of more along the line of partner money as opposed to investor or trader trash. Days can seem like years and often becomes that. So if you can live with that, you will tend to do well with O&Gs. If you can't, you need to find another industry group.
From the tone of the questions you ask, I'd recommend something else.
me2yousee, thanks for your thoughts/tutorial/advice. I'd be interested to hear any additional thoughts you may have- -short term, that is- -should MHR not report tomorrow, as 'anticipated' by them.
BTW, speaking of tomorrow, I notice the futures are down huge. Could this be the correction many experts have been prognosticating? If so, what a day to be reporting!
Looking forward to your astute response to this possibility (not really).
GL to you though. That is, provided you're a long.
Great analysis, Gary is a 6 foot 4 inch Texan who already built and sold an oil company once so he does not need to prove that he can get the job done to anyone. I don't see Gary as the type of man who can be pressured by a New Jersey boy like Cramer or his buddies across the way on Wall Street to do it their way. Gary was proud of the fact that he left many investors millionaires when he sold the last Magnum Hunter but he did it on his schedule and the same thing will happen here. I think stockholders will do well, in time. Go read the article on marketwatch today concerning natural gas and you will be encouraged that this company will turn out well for shareholders.
Cool your jets. None of us know what's going on behind the scenes. Could be a sale, could be a new acquisition, new financing vehicle, a complete takeout....If YOU were running the show, you might have a different perspective on things. There IS a reason and we'll learn about it soon enough.
What are you smoking? What does any of that have to do with not reporting? I've talked to IR , they say "well , this is a complex company" , what rubbish. Less than 1B market cap , why is it complex? GE and his ilk make it complex to hide their self-dealing , feather bedding ways. They treat it as a PE deal , where the employess and partners enrich themselves and the LP's , or shareholders , finance the deal and get the left overs.
Great post. I hope that you get a reply. These are questions that most of us who are loyal longs would like to have answered. Thanks NYPD.
Sentiment: Strong Buy