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Gold/Mining/Energy : MHRC on the OTC market

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To: Micawber who wrote (107)1/29/2013 7:45:55 PM
From: Investor Clouseau  Read Replies (1) of 188
 
hi Micawber,

no i wasn't around for the Cimerex or Magnum Hunter 1. i bought when it got down to 3.40 and added after last quarters results. i got out of the company after the jeffries downgrade because of that and the fact that i was disappointed about the new dilution that i voted against, although i think they could use the money to help their balance sheet some.

the eagle ford sale is also troubling to me because of the current price of oil, it will make them gassier and i think the price of gas is going nowhere IMHO, again although it will help them.

i am no expert in the field, so i pay attention to what the analysts say and buy when the chart looks right to me.

IC
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