Fri, Aug 1, 2014, 9:19 AM EDT - U.S. Markets open in 11 mins.


% | $
Click the to save as a favorite.

Magnum Hunter Resources Corp. Message Board

  • lexpress56 lexpress56 Apr 16, 2013 12:53 PM Flag

    What an odd market reaction to today's release

    Although a loyal long, I am not typically inclined to post pumper like remarks. That said, I am perplexed by today's odd market reaction given the content of today's operational press release that provides a number of significant look-ahead positives for MHR. the fire-related production is back on, the 7 Marcellus wells to be brought on this month, the 7 wells will have additional liquids uplift to impact reveneu and profits, the significant flaring in the Bakken is soon to be over, the tableland wells continue to reflect efficient production numbers, the Utica prospects for the end of third quarter look great. With a large slug of debt getting repaid, what is the negative story that creates the market reaction? the pipeline spin off announcement for 2014? Certainly most had to expect that given the timing of the Ohio line extensions; moreover, the longs WANT to see at least some of that delay from the standpoint of maximizing line value (the cash flow metrics) through enhanced capacity put under contract BEFORE the monetization. GE has focused on production increases and reserves for several years, and today's release bodes well for both. All the board naysayers will call me an idiot, but I was pleased with today's operational update and the potential for the company to FINALLY achieve self-funded cash flow and realize at least some positive earnings. GL, Lex

    SortNewest  |  Oldest  |  Most Replied Expand all replies
6.43-0.02(-0.31%)Jul 31 4:01 PMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.