NYSEAM:MHR.P.Q - Post by User
Post by
carlos6on Jun 02, 2014 9:48pm
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Post# 22623193
profiled on Jim Cramer's Mad Money
profiled on Jim Cramer's Mad Money
just gushed about MHR going forward.
----Selling non-core assets ($300. million this year)
----in all the right shale gas plays
----activist shareholder Relational Investors holds 15% ($150.million infusion)
----selling assets around Bakken (35% IR) & maybe all of it eventually because of better netbacks elsewhere (80-90% IR).
----Rice Energy announced the largest Utica shale well ever recently, but MHR says that they may have a well in Tyler county in W. Virginia that could exceed that & they will know in 30-45 days.
----several MLPs possible in 2015 that could net $600-700 million each to MHR.
----production is 18,000-19,000 bbls/day to day & projected to be at 32,000 bbls/day by the end of the year.
carlos