Seeking Alpha

Magnum Hunter +7.8% premarket on Utica gas discovery

  • Magnum Hunter (MHR) +7.8% premarket after announcing a discovery at its first dry gas well in the Utica shale.
  • MHR placed the Stalder 3UH well in Ohio on production after recently testing it at a peak rate of 32.5M cf/day.
  • MHR is operator of the well with a 47% interest; non-operated partners include Statoil (STO), Eclipse Resources and Northwood Energy.
From other sites
Comments (11)
  • Mike Maher
    , contributor
    Comments (2827) | Send Message
     
    Huge news, great well results. Lets roll!!!
    14 Feb 2014, 09:03 AM Reply Like
  • jolacious
    , contributor
    Comments (98) | Send Message
     
    @Mike Maher. I second that. Would you still recommend at buying at these prices? Or should I wait for a retrace? As ever thanks for your insightful answers. j. PS $20. here we come.
    14 Feb 2014, 01:14 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2827) | Send Message
     
    I'm always hesitant to buy on days when a stock is up 5%. If you are looking to add or start a new position, I'd wait and see if it comes in a bit - I've been adding calls when it was dropping below $8 recently. The earnings release on Feb 28th is the next known catalyst, so there could be some wild moves either up or down into that date.

     

    Good luck!
    14 Feb 2014, 02:03 PM Reply Like
  • papayamon
    , contributor
    Comments (1195) | Send Message
     
    does this bode well for HK?
    14 Feb 2014, 03:30 PM Reply Like
  • jolacious
    , contributor
    Comments (98) | Send Message
     
    @MM. Thanks as always for your prompt professional reply.
    14 Feb 2014, 04:04 PM Reply Like
  • jolacious
    , contributor
    Comments (98) | Send Message
     
    Gary Evans is a Welch American genius, I have stuck with him for almost two years, and long may that nexus continue. What do you think the final buy out price will be , if any?
    14 Feb 2014, 04:34 PM Reply Like
  • jolacious
    , contributor
    Comments (98) | Send Message
     
    Whatever happened to the regular posters of LNG? I would have thought seeing the upward movement of the stock, there would be be more holders posting their opinions, regarding our recent position, especially in the Utica adventure. Thanks.
    23 Feb 2014, 11:35 AM Reply Like
  • jolacious
    , contributor
    Comments (98) | Send Message
     
    Mistake. It should be MHR.
    23 Feb 2014, 11:36 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2827) | Send Message
     
    I've been busy/waiting on a quarterly report from MHR. We'll have news in a few hours, should be interesting!
    23 Feb 2014, 10:54 PM Reply Like
  • EP guru
    , contributor
    Comments (24) | Send Message
     
    what do you think about the results??
    24 Feb 2014, 08:34 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2827) | Send Message
     
    The Bakken numbers look low, but I've only just gotten to a computer to start looking at the numbers. Also not sure why they moved the call up if they werent going to make a big announcement.
    24 Feb 2014, 03:08 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs