Magnum Hunter (MHR) missed on both the top and bottom lines in Q2. It should come as no surprise as this company continues to over promise and under achieve. At one time, this company had a lot of promise. It had acreage in top notch Gonzales County acreage in the Eagle Ford. It also had good acreage in the Bakken, Utica and Marcellus. Magnum had really over leveraged itself over a period of years, and this has been difficult for the company as its interests are too spread out. This proved difficult to manage. This wasn't its only problem, but its a very general description of how it got here. This precipitated the deal to sell its Eagle...
|FREE||SA PRO MEMBERS|
|IDEA GENERATOR||X||Exclusive access to 10 PRO ideas every day|
|INVESTING IDEAS LIBRARY||X||Exclusive access to PRO library of more than 15,000 ideas|
|SECTOR EXPERT NETWORK||X||Exclusive access to all sector experts for direct consultation|
|PERFORMANCE TRACKING||X||Track performance of all PRO stock ideas|
|PROFESSIONAL TOOLS||X||Professional Idea Filters to zero-in based on industry, market cap and more|