mind activated keyboard (kind of scary sometimes !)
Freddy, I also have a lot of GILD - in the multiple thousands of shares and also have some 2017 $125 leaps. Their valuation makes no sense to me, way too cheap ... but I have to override my mind activated keyboard to stop myself from adding. Are you adding or waiting on earnings ?
or do I put you on ignore ? you were wrong on SNTS, you are wrong on PCYC ... how many times can someone be wrong ? maybe one day you will get it right, but go away from this board !
i bought some RMTI at 10.40 late in the morning, but then dumped at just over 10.60 ... was very disappointed with how the stock behaved.
he said 5X what he paid, go back and listen.
Good luck longs, is all i can say. no one here can make a pitch why there is a solid investment thesis, other than monetizing their pipeline.
hamrickm, are you a permabull or what ? i see you just created your id.
Jimmy wrote nothing that is not in the public domain, was trying to be helpful. do you have anything of value to add ? if you had some $$ to invest, would MHR be on your radar ? if so, why ?
Saudis have almost $800 billion of reserves ... deep pockets. they wont need to spend it all, probably only 1/4. OPEC seems to be 'together' which is kind of scary.
thanks Jimmygo, appreciate the nice summary. i dont care about the shorts and what they are thinking (altho' that does provide fuel for any upward move), i am still trying to figure out if management has what it takes to get thru this mess. there are a few well hedged players out there (or some who did a secondary 'out of luck' like GST with a little hedging) that will survive. just trying to figure out if MHR will be a survivor.
i dont have a position long or short. Listened to the call as part of my DD.
These guys are in survival mode: Balance Sheet a mess, only 20% hedged, totally shut down all CAPEX and hoping for a rebound in Nat Gas but projects that will happen hopefully in 12-18 months. He thinks they can sell their acreage at 5X the price he bought it ? right ... (sarcasm). He thinks his pipeline is his crown jewel, says alot of investors want to buy a piece of that pipeline ? They may have a temporary respite from liquidity issues because of that 2nd lien (paying 7.5% on it), that Nat Gas price better do what he forecasts before 2018.
If you ask me, not sure any shorts are feeling any panic.
not much liquidity to buy anything either over the next 12-18 months unless they rejig their convenants or dilute. I think they will be interesting under $4 .... will wait to see if they pullback some more.
ha ha, know what you mean. Trix are for wrabbits !
I also added to my MDVN position yesterday !! Great minds ....? We will see.
Freddy the Bettor, I sold my EVEP today after also buying in yesterday. Will buy back if it breaks back below 12. MCEP - I expect it to pullback to around 4 ish (they went nuts on their hedging at a low price, probably as a distribution survival move).
I like the statement from JMP - 'we believe investors have misinterpreted the adverse event data and would be aggressive buyers of the shares on the current weakness'. Their PT is $126