Earnings -17 cents per share versus predicted -18 cents per share
Thus MHR exceeded expectations. I know that profit may not be pivotal for an O and G company, and NAV and booked reserves are more important for possible ultimate sale/takeover. Some expenses may have been pushed to next quarter like the expenses of the Farley well. I am long on this one, but nevertheless it is very confusing that MRH continues to burn money.
"nevertheless it is very confusing that MRH continues to burn money"...Cash flow from operations is $79mil year to date, up from $47mil last year. Furthermore, YTD cash flow from operations is 18% of YTD capital expenditures, up from 12% last year, a 50% rate of change...not burning cash, and rapidly heading in the right direction.
"Well" ,,,,,If you don't use it you loose it, and why not ? Everything is relative ...this Country has been "pushing expenses into the next quarter" for years Haven't you heard that 'ol saying; "Whata ya do Marie ? I pusha, apush, apush for the telephone company".........LOL and its not "Touchy feely" out here so put that in your well pipe and smoke it. Buying on the dips !