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eskelies said...
I was just looking at the technicals on MHR and while I like gas and oil exploration it appears their relative strength is already extremely high relative to their peers; whereas, XCO has a very low relative strength and almost looks to be undervalued. MHR appears to have already broken through the resistance level too.
I don't follow equities all that much because I trade bonds, so I may not be a good person to take advice from either. hahaha.
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Action Figure said...
I hear what you're saying, but MHR's fundamentals are very similar to BEXP's when they were way undervalued in 2008. MHR just announced their 4th quarter results ( > 400% increase) and they expect an additional increase in daily production in 2012. At the end of the day, as long as crude (either WTI or Brent) stay their positive course, MHR will do fine. Besides, I'm long oil regardless...China, India, and Brazil.
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Any good stocks under $10 worth buying?