Strong points for consideration for $MHR:
Revenues have exploded upward (almost 300%) for Magnum Hunter recently.
A strong contributor to the increase is production from its 24,000 net acres in the Eagle Ford, which are 100% in the oil window.
Magnum Hunter is in the process of transitioning from a gas to liquids producer. (who isn't?)
Down almost 50% from its 52-week highs, the company is admittedly speculative.
Magnum Hunter's financials show that, as of the second quarter of 2012, quarterly revenue growth is 293% year-over-year, total debt is $369 million, and debt/equity is 54.
This company exhibits great potential as it has a presence in several unconventional plays across the U.S. (Bakken, Marcellus, and Utica).
"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink
Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.
