Magnum Hunter (MHR +13.5%) soars after raising its production guidance for 2011 and 2012. The...

|About: Magnum Hunter Resources C... (MHRCQ)|By:, SA News Editor

Magnum Hunter (MHR +13.5%) soars after raising its production guidance for 2011 and 2012. The company says its currently producing at rate of 10K boe per day in 2011 and projects a rate of 14.5K boe per day in 2012 - marking a higher rate than its prior estimate of 13K.