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Mach Natural Resources (MNR)

Posted: Mon Feb 17, 2025 12:16 pm
by dan_s
MNR is a strong candidate for an addition to our High Yield Income Portfolio. It is an MLP with dividend yield of 12% based on the note below. It is a gasser that pays variable dividends.
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On February 13th Mach Natural Resources LP (NYSE: MNR) ("Mach" or the "Company") announced that the board of directors of its general partner declared a quarterly cash distribution based on results of the fourth quarter of 2024 of $0.50 per unit.

The quarterly cash distribution is to be paid on March 13, 2025, to the Company’s unitholders of record as of the close of trading on February 27, 2025.

About Mach Natural Resources LP

Mach Natural Resources LP is an independent upstream oil and gas Company focused on the acquisition, development and production of oil, natural gas and NGL reserves in the Anadarko Basin region of Western Oklahoma, Southern Kansas and the panhandle of Texas. For more information, please visit www.machnr.com.

I am working on my forecast model for MNR today.

Re: Mach Natural Resources (MNR)

Posted: Mon Feb 17, 2025 12:32 pm
by Tar_Heel93
Excellent news. I ran across MNR & TXO last August and mentioned them on the board. MNR is very low key with any news they publish. I have seen a chart from Josh Young regarding MNR gas excellent gas prospects. Speaking of gas TXO recently announced they may have up 3 TCFE on their property.

I look forward to your review of MNR.

Re: Mach Natural Resources (MNR)

Posted: Tue Feb 18, 2025 2:45 am
by Tar_Heel93
Josh Young's chart.

https://x.com/BisonInterests/status/1880571783906316500