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Magnum Hunter Resources Corp. Message Board

  • hondaz369 hondaz369 Oct 28, 2013 3:55 PM Flag

    Chipping away a few pennies a day is the most scary thing

    Down 15 cents today, 15 cents tomorrow and 15 cents after that and 16 cents Thursday. By Friday, we will be below $7 again. Hope Not!

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    • Market over-bought. The market could tank by Nov 8 and MHR will be below $6. So are many of the small cap OG companies.

    • But the bigger up days are oh so sweet...aren't they. ....and, we are going higher.

      Sentiment: Buy

    • Down days have typically been on light volume can imagine those that are taking big positions have established a good base, and are waiting for the earnings before they initiate additional purchases. If there is interest to buy out or start an activist position, then they figure they can wait - if earnings for the quarter generate a price drop they will buy at a discount. If the earnings call highlights good production numbers for for 2013 EOY and strong 2014 estimates, they may move quickly to buy the stock up to the position they need for obtaining a board position(s), which could influence an early sale, or leverage the price action up to create a significant profit for the base investment they have built to this point.....either way, big money has recognized the potential of this company's future!

      Don't sweat this quarters' earnings, focus on the production estimates for the Utica and well drilling plans! Focus on the comparisons with other companies with similar production, pipelines, and acreage - you will see $20+ is feasible by 2nd qtr 2014! As soon as analysts calculate the value per share of the MLP pipeline, and add it to the share value of the production, and debt less than $400mil, and analysts' price targets will double to $15....break $13 and the buy-out option will quickly appear so they can get the remaining ramp in for me, holding for $20 plus with Gary!

      Sentiment: Strong Buy

    • Please don't suggest that one day of trading will determine the next 5 day trend. If you've noticed, this is a powder keg stock, hold on to your hat.

      Sentiment: Strong Buy

    • Don't be such a pessimist. This stock is worth 3 to 4 times what it is selling for now. Until the shorts finitely , cover we will have these up and down days. When Gary gives us the low down on the Utica wells this stock should shoot to $10. GLTALs.

      Sentiment: Strong Buy

      • 1 Reply to upton1free
      • Upton: Wow. GE puts out a presentation providing a detailed spreadsheet indicating the value of the company's assets, in management's view, is between 8 and 13.50 a share net of debt, but Upton says $22.80 to $30. Wonder who has better insight?

        While I appreciate MHR needs to book Utica reserves and the pipeline is rising in value, not one analyst is estimating positive earnings for 2014 and yet Upton proclaims current value is three times current PPS. Why impugn your own credibility with such an outrageous statement?

    • This stocjk is trending up. Every day can nort be an up day.

      Sentiment: Strong Buy

    • Hope so! Would love to buy more in the 6's, but don't think it's going to happen unless some unexpected bad news surfaces. Bet there are a whole host of buyers ready to pull the trigger if it gets down below 7.