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Magnum Hunter Resources Corp. Message Board

  • rrb1981 rrb1981 Jan 13, 2011 10:09 PM Flag

    Hedge Time

    Ok Gary, we now have production over 3300 boe/d and oil is around $92. Time to layer on some more hedges.

    Also, if they layer on enough hedges, there is a very good chance that with the increased reserves, the increased hedges, that the borrowing base will be increased significantly, allowing MHR to fund the remaining $40-$50 million of the 2011 capex budget that is curently unfunded (they have almost $60 million in cash and will probably have another $50-$60 million in cash flow this year).

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