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I dont really agree with you. It only makes sense to me that MHR should invest in their own company by buying way undervalued stock. If there is a deal, then they, as larger stockholders, will benefit from the deal as well as we. If there is no deal, then, as cold winter comes on, gas prices go up, etc. they will still benefit. Also keeps shorter from having those shares available. This shorter is a hedge fund which is categorically shorting 16 or so energy stocks - hard for me to think this is a personal vendetta. The new well is a heck of a producer and there is another one coming by year end. MHR has made quite a lot of good acquisitions. Their own stock, as an investment, will be more liquid, and I do not think it denies their ability to make a deal. Any buying of size will discourage the shorter anyway. In this possibly oversold market, I am seeing one caompany after another, announce buyback plans. Seems a sensible thing to do. JMHO |
