An Army soldiers goes where he is told to go and fights who he is told to fight .This #$%$ did neither and cost lives of those who did the right thing .
My point on the post was to show the direction we are heading under this present admin .will be 20-30 years righting these wrongs .The weakness is so glaring coming from the WH I expect worse things to come from it .
use the ignore feature yahoo provides .it works wonders .I see one other poster besides you .
In a report published Friday, Wunderlich Securities analyst Jason A. Wangler reiterated a Buy rating and $3.00 price target on Halcon Resources Corp. (NYSE: HK).
In the report, Wunderlich Securities noted, "Halcon Resources (HK) reported a solid 4Q14 as EPS of $0.05 were nicely ahead of our -$0.05 figure and the Street's $0.00 forecast due to a production beat and cost controls. Halcon had pre-announced much of its information already, so the CapEx plans, reserves, and its liquidity position were known, but the company was able to provide additional color around these numbers as well as commentary on its focus going forward. As expected, there was a significant focus on the financial position of Halcon as it goes through the current downturn, and we continue to believe that Halcon has the ability to see this through to the other side. As such, we reiterate our Buy rating and $3 price target as we feel the company has an asset base and management team that can survive today and excel tomorrow."
Halcon Resources closed on Thursday at $1.97.
Positives just keep mounting up !
In a research report published Monday, Canaccord Genuity analyst Karl Chalabala maintained a Buy rating on Magnum Hunter Resources Corp (NYSE:MHR) with a $3.00 price target, following last week’s year-end results. Magnum shares are currently trading at $2.17, down $0.12 or 5.24 percent.
Chalabala noted, “In our view, the potential liquidity from the undeveloped Ohio Utica joint venture, the Eureka Hunter stake sale, as well as the asset management agreement for Rockies Express firm transport letter of credit, result in $275 million in liquidity for the company by mid-year, with approximately $180 million of that in cash.”
Furthermore, “Based on our analysis, running a two rig program in perpetuity at strip prices on Magnum Hunter’s 90,200 undeveloped Ohio Utica acreage (Figure 2) yields a PV-10 of approximately $1.351 billion, and would point to the interest the company has in the JV process. We consider a large majority of this acreage core, and fully anticipate a successful closing by mid-year.”
Bottom line, “While we understand investor reticence to purchase the equity given the cap structure, in our view the upcoming high-probability liquidity events will enable the company to make it through the current commodity downturn and enable a cleaner balance sheet, particularly as natural gas demand rebounds in 2016 and beyond.”
Magnum Hunter Resources Reports Fourth Quarter and Full Year 2014 Financial and Operating Results
New Record Daily Production of ~205.8 MMcfe/d (34,299 Boe/d); New Record Throughput on Eureka Hunter Pipeline of ~463,400 MMBtu/d New Record Daily Production of ~205.8 MMcfe/d (34,299 Boe/d); New Record Throughput on Eureka Hunter Pipeline of ~463,400 MMBtu/d
headline news section this a.m.
Joining an increasingly popular guessing game on potential take-out targets in the oil and gas industry, an analyst published some further speculation Monday.
Topeka's Gabriele Sorbara added to a growing list of "most likely" companies that might get acquired:
• Cabot Oil & Gas Corporation (NYSE: COG)
• Energen Corporation (NYSE: EGN)
• Diamondback Energy Inc (NASDAQ: FANG)
• Gulfport Energy Corporation (NASDAQ: GPOR)
• Laredo Petroleum Inc (NYSE: LPI)
• Magnum Hunter Resources Corp (NYSE: MHR)
• Oasis Petroleum Inc. (NYSE: OAS)
"All of them would require significant premiums" from would-be acquirers above their current share price, according to Sobara, who rates each of the companies at Buy.
Talk has been very cheap lately about potential oil patch mergers, but Forbes reported recently that deals in 2015 so far have been lagging compared with last year.
Through late February there have been seven deals in the upstream sector, totaling $443 million, versus 34 deals worth $12 billion during the first two months of 2014.
"Plenty of discussions are taking place, yet buyers and sellers cannot find common ground on where commodity prices will end up," Forbes reported.
before April 15 .Firms need money to pay tax's .Shorting MHR was very profitable for them this year .No better way to spend those profits than covering a portion and pay uncle sam .imo
HOUSTON, TX--(Marketwired - Mar 16, 2015) - Eureka Hunter Pipeline, LLC ("Eureka Hunter"), in which Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) ("Magnum Hunter" or the "Company") owns a substantial equity interest, announced today that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio, have now reached a new record of approximately 623,713 MMBtu per day on Friday, March 13, 2015.
Magnum Hunter Management Comments
Mr. Chris Akers, Executive Vice President and Chief Operating Officer of Eureka Hunter, commented, "The calculated risks and subsequent capital resources we deployed last year into Eureka Hunter to build out the interconnects (now nine) with the various pipelines located within our area of operation, are proving to be a wise decision. Based upon management projections derived from producer volumes anticipated for the remainder of 2015, we are expecting throughput volumes approaching 1.0 Bcf per day on Eureka Hunter by year-end. These dramatic increases in throughput volumes are indicative of the prolific nature of both the Marcellus and Utica Shale plays within this region."
Crude Oil 53.19 +1.28 +2.47%
Natural Gas 2.534 +0.022 +0.90%
"Chartists, do you have the answer?" has nothing to do with it .imo