Seeking Alpha

GMX Resources (GMXR) +22.5% premarket after announcing it has successfully drilled and...

GMX Resources (GMXR) +22.5% premarket after announcing it has successfully drilled and completed its sixth operated horizontal Bakken well. Total Q2 production is expected at 539K-543K boe, which includes 60K-65K bls of oil.
Comments (5)
  • tigers1
    , contributor
    Comments (15) | Send Message
     
    Well It might be time to buy more.
    Added twice all ready.
    15 Jun 2012, 08:56 PM Reply Like
  • Stocks-Options
    , contributor
    Comments (693) | Send Message
     
    I'm in this for the preferred. It's cumulative and taxed at 15 percent. Of course, as the common goes, so the preferred goes, and even if last year's payout was a return of capital, we already know the company is high risk. I still have the same number of shares.

     

    A rise in West Texas Intermediate Crude wouldn't hurt.
    16 Jun 2012, 12:02 AM Reply Like
  • philsoil
    , contributor
    Comments (47) | Send Message
     
    HI, I WORKED ALL MY LIVE FOR SOMEONE ELSE. IN THE1990 INVESTED IN OIL&GAS PRODUCTION GOT SCREWED. WHEN OIL WAS $13 A BARREL, AND NATGAS WAS $2 OR LESS MMCF.THIS TIME IT'S MY TURN TO LET SOMEONE WORK FOR ME. GOD BLESS THEM. LOOKING FOR LITTEL GROTH COMPANIES. I LIKE KOG,IVAN,SSN,MHR,SNY.TO, AND OTHERS. I BELIVE IN AMERICA.
    16 Jun 2012, 11:15 AM Reply Like
  • Stocks-Options
    , contributor
    Comments (693) | Send Message
     
    As a addition to my post above, GMXR's June 15th press release says it executed hedges before the recent price decline. In other words, it purchased insurance before the decline to protect the higher prices. This doesn't stop the company from making more per barrel if prices increase dramatically. A hedge is not a collar.
    16 Jun 2012, 01:21 PM Reply Like
  • philsoil
    , contributor
    Comments (47) | Send Message
     
    WILL, I'M GOING TO GRAB MORE SHARES GMXR. I'LL PROBABLY WISH L WAITED,BUT YOU SNOOSE YOU LOSE. LOOKS LIKE A GOOD TUNE-ARROUND TO ME. TANKS ! A BUILDER NEEDS A STRONG BASE.
    17 Jun 2012, 10:34 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|