Mike Maher
Oil & gas, REITs, long/short equity, master limited partnerships

Still Room To Run For Magnum Hunter

What a difference a few months makes. It has been almost 5 months since I last discussed Magnum Hunter Resources (MHR), and the shares have really taken off since then. Shares are up 96% since the last write up I did (here), due in large part to the company getting its fiscal house in order and getting up to date on its filings, resuming dividend payments on the preferred shares, and a warrant dividend declared in late August. Shares closed at $6.17 Monday, and finished September up about 36%, after a few days of setting new 52 week highs. Given the run up, and some news out today, its worth taking another look at Magnum Hunter...

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