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Posts from the ‘Magnum Hunter (MHR)’ Category

Week 127: A couple of new stocks and getting rid of a few others (JONE, MHR, PXL.CA, DGIT, TROX)

Portfolio Performance

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See the end of the post for the current make up of my portfolio and the last four weeks of trades.

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Recent Developments

I don’t have a lot to say about the macro picture or generalized musings about my portfolio this month. The macro continues to be a party-on atmosphere so I guess we’ll keep dancing. My portfolio is still not performing as well as I would like but I don’t have any insights into why that is or what I should do different. I had a very good first seven months of the year, and now I am having a lull. These things ebb and flow. Onto the stocks.

Adding Jones Energy (JONE)

I really like this stock. It’s a recent IPO (it went public at the beginning of August), I don’t think it’s well covered or known by many, but it looks to me like they have been drilling extremely profitable gas-condensate wells in the mid-continent, and they have plenty of undeveloped acreage to drill more. I took a big position in it right off the bat at 6%. Read more