Jul. 20 at 7:09 AM
New here, but took @theACEJD's advice to look at
$MNR. The acquisitions are impressive on several fronts, including doubling production, shifting more toward natural gas production, giving it access to potentially very large play in Mancos Shale, and potentially increasing distributions.
Did everyone miss the fact that when these acquisitions close in 3Q, they will be retroactive to April 1st?
That means 2Q results will gain full benefit of the acquisitions when reported in August. I suspect the August distribution may as well, but have no history in LP oil & gas. Anyone with more experience care to comment?
Why have shares not budged?