Magnum Hunter pops 22% on positive comments from call
Magnum Hunter Resources (MHR +22.7%) bounces off multiyear lows following positive comments during a conference call this morning, which included CEO Gary Evans saying the company is not seeing liquidity issues. Evans expects production to double this year even if 2015 capital spending totaled zero. MHR also discloses that it recently completed two new 100% owned Marcellus Shale wells.