All these things are not the most important things right now and only affect the price until the catalysts happen. What is really going on with this stock is four main catalysts:
1) pipeline sale
2) joint venture
3) preferred stock dividend
4) earnings report and conference call
News on these 4 things will trample all these fundamentals in price movement whether up or down. Investors have placed their bets and we will see what happens.
Personally, I am long the common and picked up some D,s on that huge dip, but I didn't bet the farm on any of it.
Sentiment: Strong Buy
Companies usually do a press release when they declare a dividend, but they don't do one when they pay it so no news is good news as far as the divi goes. However, they should be declaring one next week. If that happens, the common stock and the preferreds should all explode higher....fingers crossed.
That's right, bigboy, go ahead and bet the farm on that. Just put your whole net worth on shorting MHR next week. you will make a killing,lol.
You are wrong, contra. DWT has consistently said the stock is going to zero, but it isn't there yet. It hasn't gone BK yet either.
Yeah, but with this company, you could get rich and then go broke in a year's time. This is a stock that's best to keep an eye on or you you would be better off with a large stable stock or index fund.
Yeah, not much discussion on those boards. Personally, I don't consider discussion of the preferreds to be off topic. They are very much related to what is going on with the stock.
The D seems to have the best price, but the selloff is way over done in all three.
Yep, the ex div was 9/11 for the C, D, & E with the record date the 15th. One can see there was a price drop on the 11th but, then again, one could argue it has been dropping for a while. The volume has definitely picked up since the 10th.
Investors are worried about the dividend cut...and how much. Memp could be quite volatile over the next several days before and after earnings. I still think Memp is a better buy than Line right now. This will be even more true if they cut out the dividend for Memp and it tanks big time.
They went from around 33 to 25 (anticipating) before the drop, and then dropped to around 13 after the announcement. They climbed to around 20 before oil got into all this mess. they currently trade around 14.