take a miracle for this company and stock to recover. I agree; however, when there IS the miracle it will be supernaturally given by God, not by Gary. I've heard all the arguments against the company and stock and yes, the situation looks dicey. Now we ask God to intervene. Yes, we do, and we praise God for His intervention power, so shorts be warned. We ask God to intervene and supernaturally energize this company and stock. Suddenly more gas is flowing up from the wells. Yes, it begins, the shorts may not realize they asked for it but a miracle IS what will turn this around, So be watching and give God the praise, not Gary. And you can throw the trash words at me now but don't say I didn't tell you in advance. Praise God from whom all Blessings flow. And I mean flow. Flow through all those pipes, gushing gas, spinning the meters. God's miracle flowing like a river. The through-put off the charts. Watch for it. Amen.
Having a sword hanging over your head in negotiations is not the ideal position. I think the JV might be more of the problem. First the pipe sale, then the JV will settle out better. But the pipe sale depends on a good JV to supply the gas. Arggggg!
Yeah, but at lower price points, so just as many were "unloading". Let's admit it, this sucks.
Meanwhile I'm sliding into EGY which has no net debt, hit on a good oil well spot recently, and is buying it own stock. My only green oil stock. Something has got to get me back in the green. Or I'll have to sell the farm.
I pull up the history of payouts on the C & Ds and see April 2013 miss for 4 bad months then made up in the 5th month. The price eventually climbed back to full coupon. Why is this time any different?
It is crazy how the C & D stocks are getting hammered. Small market liquidity explains some of it (2,000 shares dumped causes a 15% drop), the idea of a delayed dividend bothers many, but that all becomes whole again with the sale and JV. The common back above $1 when they have a gusher well hit with the JV and with solid energy pricing again.
There are 220 million shares outstanding, in the last 4 days 50 million scraping along .50 pps
Just thinking out load here: 22% of shares exchanged hands around .50 in 4 days.
Are they the new base? And what about the 36% short interest?
If a good announcement is made what could a short squeeze stampede do to the pps?
fp718591 posted a lie. First off the preferred shares are cumulative so the $2,900,000 monthly cost doesn't go away "saving the company" $18,000,000 (what, 6.2 months worth?) second, there is no news on that, last time MHR tried it they had to make up the payments the next month. fp718591 just trying to see if this lie has any effect.
"We will come out of this better, but we are taking a beating." Good line. Let's hope both parts of the sentence are true. Let's hope "we" means shareholders.