Replies to post #1328 on Energy (Oil & Gas) Stocks | NYSE | AMEX | NASDAQ

[Timothy Smith]

$MHR - This stock has a lot of potential. Been buying it since April 2013 when it bottomed out.

It appears MHR it underway with its non-core asset divestitures. On September 4, 2013 MHR announced the sale of 14,000 net acres in the Bakken to Oasis Petroleum for $32.5M.

This acreage was non-operated by MHR in the northern extension of the North Cottonwood Prospect.

The stock reacted favorably to this news and rallied roughly 20% in the following days.

I anticipate further divestitures announced over the next several months and at larger dollar values to provide further positive catalysts for the shares.