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Magnum Hunter Resources Corp. Message Board

  • tipke.yeah tipke.yeah Jan 2, 2014 4:09 PM Flag

    10$ PT

    Magnum Hunter (MHR +0.6%) pushes to a gain as Topeka Capital maintains a Buy rating on the shares with a $10 price target following recent horizontal production data from Ohio, including the Utica/Point Pleasant zone.
    MHR is the best way to play the increasing activity and improving results from Utica/Point Pleasant, the firm says; MHR's position in Ohio and northern West Virginia is situated adjacent to Antero Resources (AR), but trading at about a third of the acreage valuation.
    Topeka notes the highly anticipated Utica well off the Stalder pad in Monroe County is expected in the coming week or so.

 
MHR
2.69-0.03(-1.10%)Apr 17 4:00 PMEDT