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Magnum Hunter (MHR) says its estimated total proved oil and gas reserves increased 63% Y/Y at...

Magnum Hunter (MHR) says its estimated total proved oil and gas reserves increased 63% Y/Y at year-end 2012, and the present value of estimated future cash flows before taxes rose 59% to $981M. Total proved reserves at year's end increased by 28.2M boe to 73.1M boe (62.9% crude oil and NGLs; 52% proved developed producing). MHR +2.4% premarket.
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Comments (4)
  • mitchjl
    , contributor
    Comments (269) | Send Message
     
    Can we expect it to reach its 52 week high of $7.71 again?
    23 Jan 2013, 10:37 AM Reply Like
  • Mike Maher
    , contributor
    Comments (2732) | Send Message
     
    Stock did not act well today, thought it should have closed positive, not on the lows.
    23 Jan 2013, 06:02 PM Reply Like
  • bpigg
    , contributor
    Comments (9) | Send Message
     
    When the natural gas liquids start flowing through that Mark West Plant and pipe things are going to change in a hurry.
    24 Jan 2013, 03:09 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2732) | Send Message
     
    Same thing with the nat gas gathering system in the Bakken. There will be large boosts to both production and reserves.
    24 Jan 2013, 03:15 PM Reply Like
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