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Health Management Associates Inc. Message Board

marcpw 11 posts  |  Last Activity: 2 hours 12 minutes ago Member since: Jun 8, 1998
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  • Yes, I think Eureka can bring in a lot of money and the whole company will eventually be taken over at a lot higher price. But I was adding a bunch when I thought it was improperly being hit hard due to oil, while nat gas was holding up OK. Now nat gas is hanging around $2.60 and it looks like supply is going to keep going up or will shoot up as soon as the price goes up.

    Meanwhile the stock is way up off its lows because oil has bounced which fundamentally doesn't help them that much. So I'm not as excited about the long term of nat gas prices and this MHR jump into the $2.70'smakes me want to lighten up which I've been doing a lot of. If I get burnt and unnecessarily lock in some losses, so be it. At least some of my average down purchases were were on weakness well below the current price.

    Nat gas price fundamentals just seem to have deteriorated a lot and I don't see some big rescuer. Others are piling in and they all seem to have found "good rock" as Gary says he has.

  • I guess could depend on CC in AM I didn't see guidance in the PR

  • marcpw marcpw Feb 12, 2015 6:12 PM Flag

    re "if the COO had inside information that was unfavorable his father and sister would have been informed?"

    They may have been informed to some extent, they just absolutely couldn't sell on that if they wanted to. It would be blatant and illegal if they did, trading on inside info like that especially when family is involved is a ticket to jail. So yes, they may have an idea something's wrong but as long as they don't trade on it or tell anyone else who might, they're legally OK. Obviously I or others here haven't been told anyone so we can trade, so I can trade based on a guess of bad news to come which I did.

  • marcpw marcpw Feb 11, 2015 7:54 PM Flag

    Are you kidding? The issue is why suddenly resign with zero explanation? Doesn't generally happen if things are OK. I rarely short stocks but did by some March puts here a while back on that Karen Finerman Fast Money short mention. It sounds like they're still way too much in Bakken with things getting tough.

    I figure I'll hold my puts until I see if earnings disappoint or they cut dividend, my puts expires a little after expected earnings date. It's certainly possible things are OK and the stock will recover, but IMO the odds now strongly favor another negative shoe to drop after this COO resignation. Usually if nothing's wrong a company goes out of it's way to convince you a big resignation isn't negative. They didn't even really try here. There could be much more downside to come, we'll see. I have March$10 puts I bough for %1.90 so I'm making some money on them already but again I really think this could go a lot lower. Not trying to influence anyone, that's just how I see it.

  • Reply to

    Political

    by jimbobjumpback1rn Jan 31, 2015 6:01 PM
    marcpw marcpw Jan 31, 2015 10:35 PM Flag

    If this is an MHR stock board and the title of your post is political and talking irrelevant stuff, perhaps you should have looked at your title and said it would be really stupid to post this here.

  • Reply to

    8K

    by cincyyyyy Jan 20, 2015 4:36 PM
    marcpw marcpw Jan 20, 2015 5:01 PM Flag

    from the 8K my guess is they will try to reassure the street that things are OK for now in light of the analyst downgrades and S&P downgrading the debt all raising the worry they could go bankrupt. I think the 8K and whatever comes out tomorrow will be to counter that but we'll see. Might be a good time for Gary to buy a few million shares to boost confidence and if he thinks it's such a great buy.

  • SunTrust Robinson Humphrey downgraded Magnum Hunter (NYSE: MHR) from Buy to Neutral with a price target of $2.50 (from $7.00).

  • marcpw marcpw Jan 13, 2015 6:20 PM Flag

    If what you say is is true that would make the company incredibly stupid and irresponsible. If the stock really plunged despite NG doing OK today, because of a humungous typo, then they should send out an immediate PR and not wait for someone to dig through some complex presentation to find a there was some change from a a day earlier. When I see it, I'll believe it. It's not great if it's a typo or bad news but I'll obviously prefer the type

  • got streetinsider alert and now there's a seeking alpha alert

    Magnum Hunter guides 2014 revenues well below consensus
    Jan 13 2015, 14:40 ET | About: Magnum Hunter Resources Cor... (MHR) | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]

    Magnum Hunter Resources (MHR -10.1%) reveals downside guidance for FY 2014 via investor presentation slides, seeing revenues of $325M vs. analyst consensus estimate of $406M.
    MHR says full-year production rose 65% Y/Y to ~32.5K boe/day; sees EBITDAX of $175M.
    Says 2015 capital spending will focus on high-return areas in the Appalachian Basin, but the presentation does not project spending totals beyond ~$450M in 2014 capex.

    Magnum Hunter guides 2014 revenues well below consensus
    Jan 13 2015, 14:40 ET | About: Magnum Hunter Resources Cor... (MHR) | By: Carl Surran, SA News Editor [Contact this editor with comments or a news tip]

    Magnum Hunter Resources (MHR -10.1%) reveals downside guidance for FY 2014 via investor presentation slides, seeing revenues of $325M vs. analyst consensus estimate of $406M.
    MHR says full-year production rose 65% Y/Y to ~32.5K boe/day; sees EBITDAX of $175M.
    Says 2015 capital spending will focus on high-return areas in the Appalachian Basin, but the presentation does not project spending totals beyond ~

  • Sounds quite positive particularly if nat gas ever stabilizes.

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