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Magnum Hunter Resources Corp. Message Board

  • fritzdutchrio fritzdutchrio Jun 5, 2014 2:13 PM Flag

    MHR will be $9.75 within a week. huge demand for natural gas and CEO was on..

    Cramer. spoke very highly for MHR's future. strong buy on MHR!! take over in the cards too

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    • $8.45 is close to the 52 week high of $9.27 and I am betting on double digits in the near future.Waiting on 2nd Q earnings report..

      Sentiment: Strong Buy

    • We would all like to see MHR at $9.75 within a week or month or even six months... but lets be real... there is a large float of options, convertibles etc with a big $8.50 flag attached... unless they can sell their part of the pipeline tomorrow or get taken out by some big oil with deep pockets you may have to wait a little longer for $9.75...

      • 3 Replies to mjaymich61
      • If we got there once mjay, I'm sure they can do it again and not in six months, but by the end of the month. IMHO we will see double digits by the end of summer. Let's hope for another cold winter and 6-7 dollar gas and a MHR stock price if 12-15. GLTALs

        Sentiment: Strong Buy

      • It depends on what they do with the cash from the warrants. If they exercise the warrants they raise ~$150 million, give or take. If they use that cash to add another 2 drilling rigs targeting the Utica I think the stock goes up, since 2 new drilling rigs would make a total of 5 in Appalachia, and would mean, in theory, the company could be producing close to 70,000 boe/d by the end of 2015, with the right mix of Utica wells.

      • ht0629 Jun 5, 2014 4:01 PM Flag

        With a some good well results we will move into the $9's now that the cash flow issue has been dealt with. The $8.50 warrants will back fill pretty fast with the right news. I still think they will not MLP the pipeline unless they are forced to. The drilling company will be gone along with additional non core assets.

        Sentiment: Buy