We went downtown tonight to hear some local music, but the Nashville Pride bunch is down there celebrating a little too much for me. That's OK, the Rangers game sounded a little more appealing! 😁
Yeah. Rid themselves of a lot of debt, hopefully retain access rights to a pipe, jv some areas. And go pick up sommore fill in leases. Watch this puppy fly!
Yes, the best way to restructure the balance eet. Didn't make sense in the early years, but they must be thinking pipelines are asier to bring to the sites now, given how many are out there? But...market value is going to be driven more by reserves and production once debt has been brought to more reasonable levels. If that happens...look out below! Buy, buy, buy!
I think his point was they need to reduce debt and sure, that pipe represents the last best opportunity to keep their heads above water. He's saying they need to LIQUIDATE something, no matter how painful it might be and how much it might mess up their grandiose plans, just to stay afloat. Yes, personally, while that pipeline represents the best way to do that, someone else is now involved and apparently their interests are not as immediate as those of MHR. That's why you always strive to have utmost control of whatever you're involved in. Owing someone money is the LAST thing you want...always beholdin' to your creditors. Gary's approach right now is to kick the can down the road, hoping that prices return before that can is destroyed.....a BIG gamble! Do we really know the timing of all these events?
jms, I thought that article pretty well summed up the dilemma MHR faces. What was once a promising enterprise has been reduced to an also-ran in terms of pps performance and financial viability. No longer an equity for the faint-of-heart, methinks.
Jimbob...where do these guys come from? While I'm not ready for sommore rain here in TX, I certainly know what it means for natgas produced in the Gulf. Doesn't everone?
Upton, are you wanting to set prices? And let the Prez. do that? You know as well as I do that that trick never works. Why do we want the Gov't involved in this or a lot of other things?....unless....we think they can do it better than the free market. Again....we ALL know the answer to that.
And what's wrong with keeping the TX refineries afloat? :-) Great idea!
" permeability of fracking can't compare to traditional drilling...." Now what on earth does THAT mean? Drilling means to establish a hole in something...hydraulic fracturing is used to increase permeability in tighter formations, more recently popularized in producing shales. Two completely different things.
BTW...before you toot your own horn, I suggest you look up the Colorado School of Mines. Probably learned more about mining, geology and petroleum than you ever will.....now I'm going looking for some "mo FISH."
Mo, who in "their" right mind would ask such a silly question? Fracking has been around for well over 50 years. Maybe you were just made aware of this technique? You use it in tight formations and in previously-produced formations to enhance recoverability. Sorry, but to question it's viability is to show real ignorance of the oil "bidness".
The dagger doesn't have anything to contribute besides lipping off over nothing. Time for everyone to ignore the guy....just a noise maker.
We should all welcome Gary going on the circuit to promote MHR. It's called exposure! And the market does know MHR as a result. Of course, they also know of the warts, but fix the issues and the stock will respond.
Most of us long timers know jms is NOT a short. He speaks with his heart, as I do. I owned shares even BEFORE Gary was on board. I finally sold out the remaining of 300,000 shares a month or two ago, then suckered myself back in at $2.40 recently. So Ii'm not short either, but wish I were. Gary's problem is his eternal optimism. He's typically been able to make things happen HIS way, on HIS terms. But in this commodity downturn environment, things aren't happening with normalcy and predictability. This is the risk ANY CEO runs when he pushes the envelope, trying to maximize returns. It's like musical chairs...if you get caught without a chair when the music stops..... The key now is to be able to keep the cash flowing and not go broke 'till markets improve. Whenever the " O-PEKKERS" decide to re-start the music or we can suck up the excess natgas inventory, things will improve. 😬
Well, we got the news this week we were waiting for, but I just don,t see what is coming that'll propel this thing forward in the near term. Is the only thing the hoped- for higher natgas prices this fall?