Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : MHRC on the OTC market -- Ignore unavailable to you. Want to Upgrade?

To: Pirinolo who wrote (16)	10/23/1997 12:55:00 AM
From: Jeff Lawlor	Read Replies (1) \| Respond to of 188

MHR had a big runup about 2 weeks ago and has retreated some since then. Don't know why the runup except that MHR has typically followed the price of crude oil closely - as oil prices go up so does MHR. MHR is highly leveraged with large debt load so they will also be highly susceptible to interest rate increases. If the Fed raises interest rates later this year, we could see a rather significant impact on MHR's stock price. Earnings should be out near the end of the month or in the first week of November. That's when they typically report. I would expect the price to fluctuate in a range from 7.25 and 7.75 until earnings. You should be able to hold off until then without a significant rise in price. Regards, Jeff