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.
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.
OIL could be seen as the best ways to play the declining DOW, Value and a dividend could move the ticker up very fast. ITS the last good dividend and safe play. Most people can see oil down 85% . World chaos happens if oil falls much further. Countries default, world riots, and currency wars. We are seeing currency manipulation right now. China wants a bigger role in the world with their cheaper dollar. The cheaper the money the more trade .
It will start with dark banks , meeting brokerages hedge funds and over seas. Then we are our levorage as bad as before.
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
because only a dead brained short would ask such a stupid question, its down 40% the last quarter alone. much pain ahead as the company comes up with the money as promised. The news should provide for a much bigger run..... Learn to read a chart and see where it has been and going back.
I got the same feeling....I looked at the assets and thought they could do it. When the bashers stated BK and no alternatives I bought more. Some body was trying to hard to talk it down for more shares
most of them . The money is guaranteed now. They know the stock is worth twice the price. The brokerage house help beat the stock down for the cheap buy in here. They are in the mix with the financing. This is going to double.
This stock is up 35% from the bottom in less then 6 months. To say it has no momentum and a 100% bond payment will bring in more money is next to a bear case. The 50 and two hundred moving average are converging. The chart is a technical buy and the company is a long way from the top. All that is just your opinion with out a real case. Yes bonds are safe,.... That is saying the company is safe and reason for the stock to have a lot of upside. DDaaaa. I feel the stock will have a lot better return in 3 years.
I would cover right away if I was short. YOU can talk about debt , management, cycles and a down industry but in the end this is going to rocket.
The only agenda of the GOP is to find fault and cause war. I stand by Obama. All Muslims are not bad and extreem Muslims do not represent the whole group. Idiot. The GOP could stand to be reformed.
the company has many IRONS in the fire. A smart man capitalizes on others mistakes. Its time to buy.