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Magnum Hunter Resources Corp. Message Board

  • csmittle2002 csmittle2002 May 8, 2013 12:02 PM Flag

    5 Commodity Stocks Moving On News

    5 Commodity Stocks Moving On News

    May 8 2013, 09:12 | includes: EOG, FSLR, GPOR, MHR, ROSE

    "We noticed shares in Magnum Hunter Resources (MHR) going parabolic as the close of the trading session drew nearer yesterday and were quite impressed with the past few days it has put together. The stock is bouncing back from the beating it took over firing its previous auditor and yesterday announced (see release here) that one of its subsidiaries took possession of a drill rig to be used in the Utica, a play we are extremely bullish on. Currently the company is in our dog house, but if we were to sell a few of our holdings in the next few months and they were able to clear up their accounting issues we could very well be interested once again."

    Sentiment: Buy