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Magnum Hunter Resources Corp. Message Board

  • dcf_ferg dcf_ferg Jul 17, 2014 7:42 PM Flag

    Evans could sell the PL or Williston and put the balance sheet in order.

     

    The stock would fly to 12-15. Yeah I am really worried.......
    ZZZZZZZZZZZZZZZZZZZZZ........

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    • dcf ferg: You are absolutely right, which is why many of the long term MHR holders continue to hold on. As I have noted previously, MHR can monetize the pipeline and sell Bakken and pay off ALL debt leaving it with Marcellus Utica acreage and no debt. Not a bad position provided you can get your production to market, which impacts the timing of that move. Moreover, once you play that card, MHR is a definite acquisition target without justification for a significant premium absent more kick tail Utica well results. GE has now gone on record saying he will monetize the PL in 2015, so next year might be fun. UNLESS GE fails to follow through on his word AGAIN and postpones the sale and changes his mind again.....

    • could put the balance sheet in order? where you been this guy would take the money and throw it away on another stupid acquisition like the Austral cluster fxxk. Bottom line he doesn't gave a fxxk about the share holders and never will.

      Sentiment: Strong Sell