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Friday, 02/05/2016 5:11:47 PM

Friday, February 05, 2016 5:11:47 PM

Post# of 549
When crude oil fell off a cliff, smart money (not me) was shorting a lot of these over-leveraged "Explorer & Producers"... including MPO. Shorting them right off the NYSE, de-listed down to the OTC pinks ... possible BK on the horizon. Including all costs of production (servicing massive debt, etc ), it probably now costs MPOY more than a dollar to lift a dollar's worth of oil.
It will be interesting to see what the 'end game' looks like ... doesn't seem likely that MPOY can survive in it's current form (?)
Tax-loss harvesting ?
GLTA
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