I agree and I would buy some too. MHR is aggressively pursuing increased production of OIL and with oil 100+ and sure to stay there, they can go get it for much less and wreap tremendous profits. THey just need to find it. At 7 bucks a share, Cramer keeps mentioning it darn it, probably a good bet for 2012 and 2013 IMO
IO did get smashed and it met expectations. Didnt crush them so profit takers exited. It had quite a move to get to 8.30. I bet it will consolidate around 7 and move back up towards 8.50 again.