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Magnum Hunter Resources Corp. Message Board

commercegroup 3 posts  |  Last Activity: Nov 17, 2014 3:16 PM Member since: Oct 27, 2004
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  • Reply to

    Guess what is the closing pps

    by aqnguyen Nov 17, 2014 2:53 PM
    commercegroup commercegroup Nov 17, 2014 3:16 PM Flag

    $20.20

  • Reply to

    Looks Like a New 52 Week Low After Earnings

    by gp5561 Nov 8, 2014 6:00 AM
    commercegroup commercegroup Nov 11, 2014 4:12 PM Flag

    I'd say that there's quite a few good shareholder-friendly actions they could announce...
    First and foremost, a good quarterly income statement with an increased cashflow due to the size and significance of this year's acquisitions...I would wait-and-see what significance "integration" of those assets have as they proceed on their master-plan.
    How about a "minor" buyback...5 or 10 million shares?...Only problem there is it makes both Smith's and Kellogg's proportional interests take quite a jump...not all bad, but not sure it'd be all good...Of course, instead of "retiring" any shares bought-back, they could hold them in the treasury for use at higher values in any deals that might arise.
    If the revenue stream is showing enough strength, they could announce a bump next year's dividends by a penny or so...
    That coupled with any potential buyback could be a ball-buster...
    How about the resolution and subsequent action on Wabush...Smith's got A LOT of important overseas friends who'd like to get a piece of whatever he might put-together and Kellogg's no slouch, either, on the contacts with many overseas firms.
    One thing nice about MFC at these levels...The "value" should become quite apparent with any positive newsflow Friday and over the next few quarters. They've got some pretty good assets on the books and it wouldn't be the first-time we experience a rocket ride to the up-side as the information flow plays-out.
    Could we get a kick-in-the-butt Friday/Monday?
    Sure! But look at what's "in-the-works" before you make any buy/sell decision. Patience can be painful at times but, in the end (no, not THAT one), "value will out".
    So there you have a little of my rationale for owning/accumulating MFC and, barring some sort of disaster, we continue to wait for the "story" to play itself out. Regardless, MFC's way-too-cheap at these levels.
    Remember; The diligence due is up-to-you.

  • Reply to

    Looks Like a New 52 Week Low After Earnings

    by gp5561 Nov 8, 2014 6:00 AM
    commercegroup commercegroup Nov 11, 2014 2:41 PM Flag

    Approaching half of "book" (.52%) and not a whole lot more than cash on hand...
    Norwegian operations, South American contributions, as well as getting close to power plant start-up sometime after first of the year should make for an "interesting" revenue stream for this quarter and over the next couple of quarters...
    I don't know, but I'd guess that Smith and Kellogg aren't gonna let this give-away pricing go-on for much longer.
    I'd speculate that Cliff's is "close" to resolution and that MFC's woeful under-valuation is very close to attracting some pretty heavy-duty attention...There's still over half the company not held by those two and I can't imagine either of them letting somebody else take away the cookie jar...There's a lot of red meat on the bone and the wolves must be fed and, as the price moves lower, the hands holding should be getting stronger.
    Friday/Monday should tell us a lot.

MHR
3.340.000(0.00%)Dec 26 4:01 PMEST

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