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Magnum Hunter Resources Corp. Message Board

  • cincyyyyy cincyyyyy Mar 27, 2013 11:11 AM Flag

    GMT Capital take on MHR

    Finally, GMT Capital's biggest closed positions included Fushi Copperweld, which was taken private, and Coeur d'Alene Mines. Other closed positions of interest include Magnum Hunter Resources (NYSE: MHR ) and 8x8 (NASDAQ: EGHT ) . More than a handful of natural-gas-related companies struggled over the past year. Energy concern Magnum Hunter has been heavily shorted, in part because of significant debt and a substantial focus on low-priced natural gas in its operations. Some don't appreciate its shift toward oil and liquids, though, and its diversification across several promising shale fields. The company recently announced a delay in the filing of its year-end report, with management apologizing and calling its own excuses unacceptable. (That's refreshing candor, actually.)

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    • Cincy: What is your take on MHR these days and where do you think the PPS will be near year end? Lex

      • 1 Reply to lexpress56
      • Lex I don't know what this stock is going to do the next 9 min let alone the next 9 months sorry.I do feel that MHR the company has problems in the leadership dept.Their CEO has a real thing about telling the truth He doesn't.imo You don't have 35( imo it is closer to 36.5-37.5 since the last TV stunt) million shares short without some credence to the fact that the CEO isn't a trust worthy person and this is why so many shares that are short for so long a time..Wall Street imo just doesn't like G.E. The finance dept is in disarray and that in it's self is a major negative now and going forward.They have the NYSE in their face about the S/H/M fiasco and now this delayed filing! Worst case is they stumble again and ask for an other delay and then PWC comes forward with their findings and say they will not signoff the Q/Ye numbers the stock could very well be trading at a new 52 week low is my guess ? That might bring in the SEC down the road ??? GLTY

    • michaelcumsandwichcumsandwich michaelcumsandwichcumsandwich Mar 27, 2013 1:02 PM Flag

      Great. It means that they are NO LONGER SELLING.

      Sentiment: Strong Buy