This up movement could take many days to go to a normal level. If they limit the up side on one day it flows to the next. Tomorrow could be just as good. I would get enough shares today then.
60% institution ownership and insiders own 20%..... Friday the smart shorts got out..... Imdustry changes from coal to gas, gas usage up 25% this quarter, new clean legislation and new acceptance, extensions, liquidity , and reorganization of none core assets have got the shorts on the wrong side of the trade. The very oversold position hit all the top price gaining publications. People will want to check out the tremendous squeeze.
This goes to 5 dollars fast,........Any news on Air contacts, boat contracts, national defense, royalties on ethanol plants we go ballistic....... The spikes are coming faster now with shorts ready to panic. The numbers work for upgrading ethanol plants.......tick tick tick
This company had a PPS over 15 dollars for years. And you say pump and dump? Get a grip...... The whole industry is down as much. ARE ALL the blue chip oil companies PUMPS???? DDDaaaa. Its time to buy and not sell.
The ethanol plants can use the technology to become profitable. This has to scare the shorts.
The shorts just got a taste of last minute bliss. Yesterday, Magnum Hunter announced that Triad Hunter, LLC, a wholly owned subsidiary of the Company, had closed on the previously announced definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia. At that closing, the Company received consideration of approximately $33.6 million in cash. The ultimate consideration to be received is subject to post-closing adjustments for any title defects and for remediation of asserted title defects, which adjustments are anticipated to increase the ultimate cash sales price to $35.0 to $40.0 million on or before July 15, 2015. Additionally, Magnum Hunter has already completed approximately $22.0 million of other capital transactions. Therefore, to date, a total of $55.6 million has already been raised.
OPEC is selling at a loss and this can not go on forever. The economic boom cheap oil creates in itself will create a growth need for oil. The Middle East is coming apart as the spend to sell oil and deprive the basic needs to their people. History will repeat itself as before and oil jumps as the chest beating will only hurt their infrastructure as they give oil away below cost.
What idiot can not see the middle east un raveling with cheap oil. They are selling oil to our economy at a loss. The cheap oil always brings another cycle of the economy. Higher oil is a given in time. The bottom is here or close. The company has assets and time to make up their game plan with alternatives and time only offers highs oil and land prices. DILUTION is the lack of his understanding of the industry and history.
They can not produce oil for that. THEY actually are losing money on every barrel. ITS grand standing as before. EVERY cycle ends the same way. The more oil they produce at a loss the more their people don't get food and a infrastructure. EVERY CYCLE our hedged companies come back strong and triple in value. DDDdda
sell shorty............. gas/oil is going back up as the charts, Technicals and fundaments suggest. GST will drive the Middle East into revolution and mass revolution. Don't believe all the chest beating from OPEC countries. They need higher oil also to keep peace in IRAN