Akanthos Capital Management Llc Buys Facebook Inc, Chesapeake Energy Corp, Sells SandRidge Energy Inc, Alerian MLP, Continental Resources Inc

• New Purchases: FB,
• Added Positions: CHK, MPO,
• Reduced Positions: OCN, HK, GSAT, CPE,
• Sold Out: SD, AMLP, CLR, BKD, FLNT, FANG, UNIT, KEG,

For the details of AKANTHOS CAPITAL MANAGEMENT LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=AKANTHOS+CAPITAL+MANAGEMENT+LLC

1. Continental Resources Inc (CLR) - 100,000 shares, 21.92% of the total portfolio.
2. Chesapeake Energy Corp (CHK) - 1,250,000 shares, 18.02% of the total portfolio. Shares added by 25.00%
3. Halcon Resources Corp (HK) - 1,250,000 shares, 17.94% of the total portfolio. Shares reduced by 15.25%
4. Globalstar Inc (GSAT) - 5,625,461 shares, 9.21% of the total portfolio. Shares reduced by 19.64%
5. Ocwen Financial Corp (OCN) - 662,853 shares, 8.39% of the total portfolio. Shares reduced by 37.92%

Akanthos Capital Management Llc initiated holding in Facebook Inc. The purchase prices were between $160.3 and $217.5, with an estimated average price of $181.03. The stock is now traded at around $146.74. The impact to a portfolio due to this purchase was 5.28%. The holding were 10,000 shares as of 2018-09-30.

Akanthos Capital Management Llc added to a holding in Chesapeake Energy Corp by 25.00%. The purchase prices were between $3.98 and $5.4, with an estimated average price of $4.56. The stock is now traded at around $3.54. The impact to a portfolio due to this purchase was 3.6%. The holding were 1,250,000 shares as of 2018-09-30.

Akanthos Capital Management Llc sold out a holding in SandRidge Energy Inc. The sale prices were between $10.62 and $18, with an estimated average price of $15.34.

Akanthos Capital Management Llc sold out a holding in Alerian MLP. The sale prices were between $10.07 and $11.35, with an estimated average price of $10.78.

Akanthos Capital Management Llc sold out a holding in Continental Resources Inc. The sale prices were between $59.8 and $68.28, with an estimated average price of $63.13.

Akanthos Capital Management Llc sold out a holding in Brookdale Senior Living Inc. The sale prices were between $7.75 and $10.05, with an estimated average price of $9.2.

Akanthos Capital Management Llc sold out a holding in Fluent Inc. The sale prices were between $2 and $2.55, with an estimated average price of $2.31.

Akanthos Capital Management Llc sold out a holding in Diamondback Energy Inc. The sale prices were between $112.11 and $136.67, with an estimated average price of $127.61.