Magnum Hunter Resources Corporation Depositary Shares, each representing a 1/1000th interest in a share of 8.0% Series E Cumulative Convertible Preferred Stock (MHR-E)

Prev Close 1.01
Day Low/High 0.00 / 0.00
52 Wk Low/High 0.78 / 25.00
Exchange AMEX
Market Cap 7.07M
Div & Yield N.A. (N.A)

Shares of the E&P rose 40% this week in this left-for-dead sector.

Bet against short-sellers who think the oil firm is going broke.

Expect both E&Ps to have the necessary liquidity for their next preferred payouts.

In this market, I'll lay low and accumulate double-digit yields.

And it's not the commodity prices themselves that drive my belief.

When yields are over 20% in companies I believe in, I'm buying.

I loaded up on Magnum and Gastar preferreds today.

Despite production misses, I still like the preferred shares of Miller and Torchlight.

For myself, as an income-fund manager, validation is sweet.