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Magnum Hunter Resources Corp. Message Board

commercegroup 1 post  |  Last Activity: Jan 14, 2015 9:58 PM Member since: Oct 27, 2004
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    all time new low = $29.75

    by nuljava75 Jan 14, 2015 12:50 PM
    commercegroup commercegroup Jan 14, 2015 9:58 PM Flag

    Personally, I think the worry now becomes the company's increasing inability to develop and maintain a positive cash-flow...I think we're about to find-out what "cumulative" means on the preferred C's and D's in the next 3-6 months...MHR was fast becoming marginalized in the oil patch with falling prices and now that gas prices have collapsed, well...you do the math ('tain't good). Haven't seen this big-a-black-cloud over the oil/gas patch since the 70's and 80's...Lotta pain yet to come IMO and MHR has major exposure to the unfolding disaster in the shale patch...We're done with Gary and his Texas Fast-Talk...I wouldn't want to be on the hook for any of his credit lines cuz I'm thinkin' 20-30 cents on the dollar is gonna be a "high" recovery as the inevitable rationalization of assets begin...Just a matter of time IMHO.
    Good Luck. Keep one hand over your tail-bone and DON'T bend over to pick-up the soap.

MHR
2.64-0.10(-3.65%)Feb 27 4:08 PMEST

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