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To: Spekulatius who wrote (100791)5/11/2011 4:07:35 PM
From: Dale BakerRespond to of 118717
 
Since the NGAS and NuLoch acquisitions will only be consolidated this quarter, we won't have a full picture of costs and the rest until the June 30 report.

Today was just "panic and beat up small cap energy" day, pretty much across the board. The mood is bad enough that I sold several marginal energy stocks but I will keep the quality stuff with long-term targets.

Three years in on MHR/PRC with 1-2 more to go, I reckon.



To: Spekulatius who wrote (100791)5/11/2011 4:11:28 PM
From: E_K_SRead Replies (1) | Respond to of 118717
 
Re: MHR & their preferreds.

Hope they have enough left over to make their dividend payments on their preferred issues as I bought more of the MHRpD 8% preferred today. I am betting that they will. Been peeling off shares from my profitable commodity stocks and parking the money in this preferred. I also have the MHR and GMXR May options that expire next week. Hope to receive some more cash that I can use to buy the GMXRp and MHRpD.

What is interesting is that the MHRpC 10.25% is very near it's all time high at $25.85 (all time high was $25.95). The MHRpD 8% goes ex-dividend tomorrow at $0.33/share. They pay monthly which is a good feature for me as I am using this like a Money Fund.

EKS