The truck is backing up now for refueling with one hour travel time left to get to its destination called Greenville.
The worst case scenario for MHR would be: On the way down it is called an oil stock and trades that way and on the way up it is called a natural gas stock and misses out on the rebound.
I am hoping that tomorrow the stock will respond positively in delay and begin a move over $1.00 a share.
I think 'help' is the word, as MHR trades like an oil company.
The CNBC Talking Heads were caught by surprise with the fall in oil. They kept making wrong predictions for support levels, jumped on the band wagon and said it is going to the $30's or $20's. Continuing with it is Dead Money for the unforeseeable future, Warren Buffet is a mystery and his oil purchase is not logical, and a lot more discounting as recently as today when Jim Cramer was calling for a return to sub $40, others saying Dead Cat Bounce, so sell and get out with a quick profit, it will retrace to new lows.
And now in reply immediately within minutes of this today they are all caught by surprise again with the significant rally. They respond in disbelief and are negative, making up stuff but are coming to the realization that they need to dig a little deeper to get some understanding of what is going on here with interest rates, currency devaluations, stock market volatility, commodities plummet and now rebound like with BTU and ARCH coal and a bunch of erratic movement.
OPEC needs to cut production to make this rebound stick. Oil dependent countries are hurting big time and ultimately are going to lose the supposed battle with the frackers trying to squeeze them out.
Institutions are buying the remaining 17% of the float. Well, the remaining 16.99999% of the float, because I am not selling my shares.
Bling-Bling, Ka-Ching & Schwing!
Debt if it cannot be resolved will lead to bankruptcy, at which time common stockholders will have their buttocks restructured.
THE WALL STREET JOURNAL
By Summer Said And Benoît Faucon
Aug. 27, 2015
Hard-hit Venezuela has been contacting other OPEC members to push for an emergency meeting in coordination with Russia to come up with a strategy to stop the current oil price rout, people familiar with the matter said.
Search article from headline
Irresponsible individuals working for institutional investors somehow arrived at decisions to Short the company stock, possibly based upon the historical failures of the company. i estimate that these positions were established prior to the release of the METEOR results revelation. Covering those positions at the time that the FDA news was issued must have fallen by the wayside because of negligence or incompetence.
The recent FDA BTD news issued another warning to ill-advised Shorts, not to mention the current Swiss Regulatory Approval. The only excuse to hold those positions is for the slight hope of some negative speculation regarding an outcome concerning the FDA review of additional data submitted by Roche from the phase III registrational study, moving that date from August 11 to November 11.
I am Long and admittedly biased, but think that there are very few retail investors accountable for the 26% of the company stock being shorted, but rather that Ma & Pa investors are unsuspectingly being victimized by their ignorance and faith in others to help themselves in the hands of ruthless idiotic gamblers.
I admit that I am a ruthless idiotic gambler, but it is my money that I have directed and I understand the risk and reward based upon my investment decisions and I am comfortable with the consequences that I have made on my own behalf.
I am Long on Exelixis and feel comfortable with the investment decision that I made when I found this 'Diamond In The Rough', which I am sure is going to make me rich.
Natural gas futures contracts have been showing the emergence of a rectangular trading range since early June 2015. Prices are fluctuating within this range and trading close to the key resistance of $2.90 per MMBtu (British thermal units in millions).
The only thing in my portfolio that didn't go down today was my Magnum Hunter Resources Warrants to purchase shares of the company common stock at $8.50 per share.
Things will get better, I hope.
There was a block trade of 150,000 shares. That and or an advance of a few pennies does not signal a buyout. 20M shares traded in the last few minutes and up $8 on news would.