News Focus
News Focus
icon url

Timothy Smith

08/11/12 6:06 PM

#483 RE: Penny Gold Mine #482

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).
icon url

starbuxsux

08/12/12 1:10 AM

#484 RE: Penny Gold Mine #482

Did they ever F/S?