MHR
MHR
I suggest folks look at Magnum Hunter and do the diligence. Nice small cap with great upside with their presnese in the eagleford and marcellus. Also have a pipeline asset. Successful management team that brought the old MHR public and then sold out to XEC. CEO Gary Evans knows how deal as he was a former banker with great finance relationships. We now await eagleford drilling this month. Another JV just announced. Stay tuned. Maybe this should be number 17 ?
Re: MHR
How timely:
Jefferies raises Magnum Hunter to buy
Mon 11 Oct 2010 7:11 AM EDT
Oct 11 (Reuters) - Magnum Hunter Resources Corp (MHR - news):
* Jefferies raises Magnum Hunter Resources Corp (MHR - news) to buy from hold
* Jefferies upgrades Magnum Hunter Resources (MHR - news) on Eagle Ford optimism,
high catalyst rank
Jefferies raises Magnum Hunter to buy
Mon 11 Oct 2010 7:11 AM EDT
Oct 11 (Reuters) - Magnum Hunter Resources Corp (MHR - news):
* Jefferies raises Magnum Hunter Resources Corp (MHR - news) to buy from hold
* Jefferies upgrades Magnum Hunter Resources (MHR - news) on Eagle Ford optimism,
high catalyst rank
Re: MHR
Much better management team in place now with Gary Evans. They do have upside in the Eagle Ford.
Just keep in mind that it will be awhile before they generate a profitable quarter so it will be a rough ride.
MHR deserves a look but not Sweet 16 quality yet. JMHO of course.
Dan
Just keep in mind that it will be awhile before they generate a profitable quarter so it will be a rough ride.
MHR deserves a look but not Sweet 16 quality yet. JMHO of course.
Dan
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: MHR
For those of you looking for divvys, MHR has a preferred stock that pays 10.25%. It trades for 25 and is callable for $25 approximately one year out, so this is probably not a long term thing, but nothing wrong with 10.25% for a year.
MrMuileh
MrMuileh