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Magnum Hunter Resources Corp. Message Board

  • vernman1011 vernman1011 Dec 28, 2012 8:12 AM Flag

    Recent announcement

    http://finance.yahoo.com/news/magnum-hunter-resources-announces-significant-130000753.html

    @$90 a barrel This equates to a min of $250K day; $5M a month; $64M year. All this is new money coming in since 22 Dec. $100 Oil will drive this over $7. I see no reason why this trades under $5...must be the investigation or something.

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    • Dont know your precise math, but your numbers are almost 2x reality based on $90 oil yielding about $65 after royalty and gas adjustment and the fact MHRs interest in each well is approx 47%. There will obviously be a quick ramp down from the initial flow rates, but the production numbers are very impressive given the choke sizes. Thes are not "Brigham numbers" where they flowed their wells choke open for 24 hours in order to claim top of field numbers.....

      Still..... very good news

 
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