He predicted his BS never stinks and WW4 in 2050. His crystal ball is cloudy and not clear with any one with a brain. Analyst still have a debt ratio of 70 to equity. Actually analyst are positive ad the dent is not due till 2021 as Alpha shorts seem to exaggerate their short positions. Keg don't have s liuitity problem as most in the industry
. what it does have is aggressive lying two bit bashers ready to stop at nothing. Oil inventories will be down again and in 2021 you bozo will be saying the same thing here.
API oil inventories down again this week. over sold .Book 7 dollars, 98% fund owned and shorts cant cover...REN - The Term Loan Facility will mature on the date that is six months after the maturity of the Company's existing senior revolving credit facility (the "Credit Facility"), but in no event later than November 1, 2019. Our ability to add value with modest capital outlays is a tribute to the quality of our asset base. All of our significant properties have development opportunities that remain economic in the current commodity price environment. Those include more than 450 gross horizontal wells in the Permian and Powder River basins. The developing horizontal plays continue to become more valuable as additional zones are being drilled or delineated by ourselves and other operators.
“The low decline rates and numerous tertiary recovery projects in Aneth Field are also a part of that strong asset base. In Aneth Field we have economic projects that could add more than 30 million net barrels to our reserves. Our long lived, low decline fields are particularly supportive during low commodity price periods. In fact, production has increased during the year with minimal growth capital. Looking at all this potential, we feel confident we have the right assets for significant future growth.”
Company has a lot of hedges that will burn off over two years so think sell off is over done (even now). The shorts should be running. I Expect oil prices will move up to $80 at some point in the next two years and the stock will move up as prices recover. Two year price Target is$ 5 (a 5x if you buy at $1). Not a bad return as the company is backed by institutions that will not sell here. They bought much higher will the prospects of their fields. Now they have some breathing room to develop for higher oil. The shorts have manipulated the oil industry as the oversold temporary positions brought in people shorting at 300% , 3 times the PPS fluctuations. Now they must cover their positions. It’s a typical cycle and the financing will cushion the next few years to let management perform.
98% of this held by institutions and how are the nit whit shorts going to cover all10% of them????? the average od this stock is around 8 dollars and has a 6 book value.....
WHERE is that lying Idiot DIMWET???????????????? He said the company had no option !!!!!!! It was going BK ????? The company told me it intends to meet that obligation.
"We are currently focused on executing on the liquidity initiatives which we have outlined in our investor presentation and various SEC filings," a spokesman said in an email. "We are progressing on all of our liquidity initiatives, and will disclosure additional information to the market when appropriate."
The point is they have alternatives and will have press stating the companies position. SEC backed press. Formal statements and not half baked DWTITS NITWITS stating they are done. In no way does the board clown back his statements up....... He claimed with other in no way they would be this fat......
Natural gas consumption
Last week, total US natural gas consumption increased 2.2% week-over-week. An increase in the power sector consumption more than offset the decline in the residential and commercial sectors. Power consumption increased 10.2% last week.
Weekly consumption decreased by 6.7% sequentially in the residential and commercial sectors. Industrial consumption remained flat.
Higher natural gas consumption is bullish for natural gas prices (UNG), which is positive for gas producers like Chesapeake Energy (CHK), Noble Energy (NBL), Range Resources (RRC), and Antero Resources (AR). These companies are components of the iShares U.S. Energy ETF (IYE) and make up 2.1% of the fund.
then if it goes to a normal level $$$$$$$$$$$$$$ ... Natural Gas demand was up 25% last month.......Natural Gas Demand
Natural gas is believed by many to be the most important energy source for the future. The abundance of natural gas coupled with its environmental soundness and multiple applications across all sectors, means that natural gas will continue to play an increasingly important role in meeting demand for energy in the United States
They already have almost all of them and they got an extension for a good reason........ BIG FUTURE!!!!!!!!!!!!!!!!!
its only a matter of time and you shorturds will be gone. All30% off you will burn in a few days. They will publish the making of the capital obligations..... *****burn baby burn ******** 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. Magnum Hunter continues to work on other potential liquidity enhancing transactions in order to satisfy these capital raising obligations and to increase the Company's overall liquidity position. To meet the capital raising obligations..
YOU fools said MHR had no alternatives and they are meeting their obligations....... When the SEC filings and proper disclosures are made I hope you are very short...... 30% of your buddies will race you to the door.