Magnum Hunter Resources Corp. Message Board
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Magnum Hunter Resources provides fourth quarter 2012 companywide operational update......
2013 Capital Expenditure Budget Set at $300 Million; 2013 Exit Rate Production Guidance of 23,000 - 25,000 BOEPD..........
http://finance.yahoo.com/news/magnum-hunter-resources-provides-fourth-130000029.html-
I thought it was a fairly good report with a lot of good things to come this year,but no mention of eagleford sale not a good sign....
- 2 Replies to jj309
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Not a bad report, but certainly not an under promise and over deliver. It does look like the eagle ford sale is dead for now. Early stock action with pretty big volume suggests someone was not impressed. I will probably still hold my shares, but oil near $100 and the markets near all time highs, this is not encouraging. Next upside news might be the early results from Utica. MLP this summer. I would guess we are in a stand still until then. Maybe we won't tank as much if the market really gets hit.
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perhaps the no sale news is why MHR has lost nearly 90 pts in two weeks. 4.70 down to 3.86. I hope that's the reason and not more bad news coming on the 25th,
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it also appears that they did so by not going to the Mark West plant (the plant was not up and running when the put them on production). In addition, based on those IP rates, the liquids content is a bit lower than might have been expected (althought the gas IP rates are pretty good for medium sized horizontals). I certainly hope those SGY JV wells were cheap, short laterals and not so good IPs.
- 1 Reply to masayo22311
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ur worried about the 3 sgy wells when we have 9 mmcfe wells along with improving ip's on the bakken, tableland and eagleford fields? I think you need to reassess the report.
Sentiment: Buy
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Looks good to me.Hit 18k exit.I just bought more.
Sentiment: Buy
- 1 Reply to moweenfarmer
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oh Ye of little faith
I'm SURE (lol) that they did an operational update due to the rantings on this board
Sell and go away
idiot should have waited
Yeah and the MArcellus wells really look like a bust at 9MMCF / per lolSentiment: Strong Buy
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