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To: KaiserSosze who wrote (107785)5/10/2012 11:57:33 AM
From: Jerrymac
of 118326
 
Wouldn't be at all surprised if they pulled the deal due to "market conditions". Underwriters will have to price new shares at a discount to tonite's close....RTQ 4.91. Of course, net to Magnum will be less than offering price due to placement fee's etc.

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To: KaiserSosze who wrote (107785)5/10/2012 11:59:36 AM
From: Biomaven
of 118326
 
Is there any chance they can be priced higher than the market price?
None. Secondaries are pretty much always priced lower than the market - that's why people participate.

Peter

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To: KaiserSosze who wrote (107778)5/10/2012 11:59:50 AM
From: Micawber
of 118326
 
Unfortunately for us, the shorts called it perfectly.

Will be interesting to see what happens from here.

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To: Micawber who wrote (107788)5/10/2012 12:12:20 PM
From: Sam
of 118326
 
What would it cost to pull the stock offering and not go through with the Baytex deal? Is that even possible at this point? The deal was announced on March 22; the stock was trading at about $7.20 at the time. It has been a pretty steady fall ever since.

On the other hand, the stock tumbled into the 2s last summer/fall, and rebounded nicely afterwards. This drop could easily be as idiotic as that one was.

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To: Sam who wrote (107789)5/10/2012 12:44:02 PM
From: KaiserSosze
of 118326
 
Given that Gary just finished the road-show to sell this thing, I'd guess it's highly unlikely that he pulls it last minute, fwiw.

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From: KaiserSosze5/10/2012 12:58:14 PM
of 118326
 
Picked up some KOG. I like their potential over the next 12 months!

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To: KaiserSosze who wrote (107791)5/10/2012 1:04:07 PM
From: Jane4IceCream
of 118326
 
I have alittle bit of KOG in my IRA basket...

My END is coming back some and I also added to SD below $7 yest for the long term as well as alittle bit more MHR this morning under $5 for the long term.

Added some UPL under $20 day before yesterday....great play if you think ng will come back some.

Best of luck to all....

Jane

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To: KaiserSosze who wrote (107790)5/10/2012 1:47:03 PM
From: Sam
of 118326
 
Well, FWIW, I just bought some more MHR. And put in an "indication of interest" to buy some at the offering.

Wish me luck, I hope I'm happy about this in another month or so.

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To: Sam who wrote (107793)5/10/2012 1:49:47 PM
From: KaiserSosze
of 118326
 
If you've got a long term horizon, you should be fine. Close your eyes for the next few months! :-) I was just looking at their chart. From ~ $6.50 to $4.85 in less than two weeks. Yikes!!

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To: Sam who wrote (107793)5/10/2012 1:52:56 PM
From: Micawber
of 118326
 
Not very crowded at the "buy" window today.

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