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It looks like it bottomed out at 3.23 today. Trend has broken to the buy side again. Typical light volume run down IMO - I will look to add when it breaks 3.40 on the way up.
No, 69% of this stock is owned by institutions. He said he had had it with MHR last time and I bought more, it went up... I don't think many actual MHR owners who hold more than $1000 worth of shares heed his advice as he is wrong 60% of the time historically. Lol
Awesome stuff, I'm excited and seeing $$$$$
MHR's highest close in a month! Great day and only better things to come.
Great minds think alike? Lol
Awesome news!!! So undervalued.
This stock will be $6-10/ share by fall. Great news thanks!
I read all of that after the conference call in text version. It's interesting...
You think so based off of that excerpt that you posted earlier?
It's always a wild ride, the next few weeks should put us closer to the $4 range IMO.
Saw that - my thoughts exactly they are shorting early today tho
No idea... Lol
MHR = Bull to $4 range next week.
The 8-K looks good, good plans to decrease debt and increase production / cash flow IMO.
Haha yep! Like they always say, "the gap always fills." Either way we have a new base and breathing room to 3.50!!
Moved south even with a lot of large buys after lunch and at the closing bell... Manipulated takedown to build a new support at 3.14 like I said yesterday and filled the gap up from this morning are the only explanations that I can come up with from a logical standpoint.
I was afraid of that, they just filled the gap up from early trading today, up from here!
No way! Volume is good, this thing should be 3.60 by tomorrow! Hopefully :)
Haha.... You know I'm rooting for ya Key!!!
Called it! :)
BIG EOD BUYS AT HOD!!! BOOM!!!! We could see 3.50's + tomorrow IMO.
Days like this are fun. Every penny over 3.14 is profit in my pocket and its nice being around what was a big resistance point, because it should become our support after today!
It cleared 3.14, BLUE SKIES TIL NEARLY $4.00!!!
They have grown their production fleet by 20% with this purchase, great move by MHR! If this clears 3.10 today it's blue skies until 3.80-4.00 / share.
Lol i love the optimism! It is brutally thin between 3.10 range and 3.90!
Touched $3.07, nice! Hoping for a close around $3.05 today to reset the chart.
Exactly. Innocent until proven guilty is the theme here. We should have a clearer picture within a month if not sooner. I have seen so many different "law firms" that it actually eases my mind. Pumping bad news doesn't scare me away from this stock, I'll put it that way.
Big buys coming in late in the day!
Hahaha, hopefully we get some good news early next week to PUSH this baby higher!
$2.91 hit! Come on $3.00's!!!
Haha, seriously though if the volume keeps up we will touch the 3s today!
Up 5% again pre-market!
Good luck to you sir, I hope it plays out better then it has recently! Like I said, some people come on these boards claiming to own stock - I didn't mean any disrespect.
Do you really make investing decisions off of what others on here would advise you to do? I am a buyer at these levels, you seem to only post about how bad this stock is on this board... Good luck to you, regardless of what you chose - if you really even own any MHR stock that is. Not trying to be rude, but I am skeptical that you own MHR.
Lol! At least you can laugh, hopefully we get some good news soon!
Companies have full time lawyers as employees or they can use contingency fee based firms too. We will see!
Well they paid off $360 million in bad debt to create $750 million in good debt. Market cap is smaller but the risk is also half as much and next time they will pay off 500 million - 1 billion if they continue on their borrowing / repaying trend (building equity and credit can never be a bad thing, while flipping properties for 2-3 x their initial investment! As for the lawsuits, there wasn't foul play just people making accusations - innocent until proven guilty. Just because people are sue happy doesn't necessarily mean it will hurt the price for the shareholders, lots of bears and vultures out there. MHR's new auditing firm has 30 years of experience in the oil/natural gas market, I'm not worried. Staying patient my friend, good luck! :)
All oil companies borrow to setup wells, their line of credit has doubled which means PPS will head North.
Wish someone here would put the good news in the news feed... http://www.fool.com/investing/general/2013/04/25/5-energy-companies-generating-enormous-cash-growth.aspx