Magnum Hunter Resources (NYSE:MHR)

CAPS Rating: 2 out of 5

Magnum Hunter Resources Corp engages in the acquisition, development, and production of oil and natural gas primarily in West Virginia, North Dakota, Texas, and Louisiana.

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Member Avatar TMFDeej (99.42) Submitted: 5/28/2014 4:41:58 PM : Outperform Start Price: $7.90 MHR Score: -24.06

One of the activist investor firms that I follow, Relational Investors, recently took a significant position in Magnum Hunter. Per the NYT:

"On Wednesday, it agreed to invest $150 million into Magnum Hunter Resources, an oil and gas company with a market value of $1.3 billion, through a private offering.

Under the terms of the deal, Relational will buy 21.4 million shares at $7 apiece. It will also receive 2.1 million warrants with an exercise price of $8.50. The deal will boost the investment firm’s stake to 15 percent, making it Magnum Hunter’s biggest shareholder...

Relational has also had extensive experience in the oil and gas sector, with its co-founders, Ralph V. Whitworth and David Batchelder, having served as lieutenants to the billionaire T. Boone Pickens. Among its activism targets in recent years have been Occidental Petroleum and the Hess Corporation...

Its investment is meant to help support Magnum Hunter as it expands in the Marcellus and Utica shale formations, two of the busiest areas for drilling in the country. The petroleum explorer will use the money to add a new drilling rig, buy new leases and repay debt.

“Our interest in increasing our investment in Magnum Hunter coincided with some very attractive opportunities for the company to extend its growth and long-term strategic plans,” Mr. Whitworth said in a statement. “This investment reflects our confidence in Magnum’s outstanding management team and their strategic plan.”

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Member Avatar wactuary (< 20) Submitted: 2/15/2014 11:54:39 PM : Outperform Start Price: $8.84 MHR Score: -36.84

Top shelf management

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Member Avatar OILSTKS (48.17) Submitted: 12/12/2013 12:05:58 PM : Outperform Start Price: $6.36 MHR Score: -12.68

Gary Evans will do it again . This is not his first rodeo .

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Member Avatar Fiskhus (71.42) Submitted: 11/9/2013 1:11:09 PM : Outperform Start Price: $7.06 MHR Score: -23.19

6btot, C2

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Member Avatar FoolsGold0306 (57.77) Submitted: 6/20/2013 7:07:31 PM : Outperform Start Price: $3.48 MHR Score: +56.30

Present threat of lawsuits, short interest, and short term market volatility won't last. MHR has improved their balance sheet and is ready to head higher. I'm in with a starter position.

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Member Avatar Pops61 (50.79) Submitted: 4/18/2013 4:28:28 PM : Outperform Start Price: $2.68 MHR Score: +106.19

Huge holdings in US shale production of gas and oil. 50% ownership of producing wells for cash flow. Several producing wells to come on line late 2013 and early 2014. 80% revenue gain est in 2013.

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Member Avatar azinsd (< 20) Submitted: 3/30/2013 10:51:59 AM : Outperform Start Price: $3.98 MHR Score: +31.12

A little leveraged but plays in three most important energy fields in US - midstream assets to boot

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Member Avatar addaway (< 20) Submitted: 2/21/2013 2:51:49 PM : Outperform Start Price: $3.95 MHR Score: +26.98

the number are right. They are in the right position.

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Member Avatar rustam5 (77.98) Submitted: 1/20/2013 6:24:39 PM : Underperform Start Price: $4.32 MHR Score: -11.59

schools cutting back

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Member Avatar rsealander (< 20) Submitted: 5/23/2012 9:48:16 PM : Outperform Start Price: $4.09 MHR Score: +3.89

The downward price action of MHR over the last several weeks, since announcing the additional 35,000,000 shares, appears to be fueled by massive short selling. I haven't seen any numbers, but it continues to be smacked back down after any kind of rally. Eventually investors will come to see the value of MHR and the shorts will be on the run to cover. I see MHR back over $6 by August.

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Member Avatar mhonarvarthe2nd (21.72) Submitted: 5/22/2012 10:14:47 AM : Outperform Start Price: $4.16 MHR Score: +1.70

dropped a few bucks after announcing $5.50 share offering...worth much more.

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Member Avatar GingerInOz (62.66) Submitted: 4/25/2012 2:11:49 PM : Outperform Start Price: $5.98 MHR Score: -38.15

This energy company based out of Houston is in the process of acquiring rights to three land masses in the US. The stock was going up and popped at $8.00. It is currently running around $6/share.

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Member Avatar arthur57701 (< 20) Submitted: 4/21/2012 2:42:02 PM : Outperform Start Price: $5.52 MHR Score: -31.71

when cramer interviewed the ceo of mhr he said there are going to be a drilling machine.and that they are going to shift a much larger percentage toward oil

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Member Avatar brcko (< 20) Submitted: 3/7/2012 6:47:46 PM : Outperform Start Price: $6.60 MHR Score: -50.41

$MHR providing solid performance with decreased costs in BOE. Great land leases also for future development.. profit is definitely comming! long

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Member Avatar badomen (< 20) Submitted: 2/28/2012 2:54:22 PM : Outperform Start Price: $7.41 MHR Score: -60.08

Just beginning to see results from their exploration into the better shale regions, including the Eagle Ford, Marcellus, Utica, and Bakken shales. It seems each quarter they must up their production rate forcasts. Currently their stock is under-valued compared to their reserves, but as time goes on and investors discover MHR, I don't expect that to continue for long.

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Member Avatar geomedf (< 20) Submitted: 2/15/2012 3:09:43 PM : Outperform Start Price: $6.87 MHR Score: -56.42

Sig reserves in the Marcellus/Eagle Ford/Williston Basin now being realized.

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Member Avatar lannie911 (< 20) Submitted: 8/25/2011 2:56:22 PM : Outperform Start Price: $4.20 MHR Score: -21.27

stock looks undervalued and CEO is a badass

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Member Avatar 10skimo (< 20) Submitted: 6/19/2011 10:05:03 PM : Outperform Start Price: $6.09 MHR Score: -53.82

This stock has a proven management team and has recently added significantly to their acreage via acquisition.

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Member Avatar EclecticRecluse (79.58) Submitted: 4/6/2011 9:34:42 AM : Underperform Start Price: $8.54 MHR Score: +74.94

High Short Interest with Low Sales

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Member Avatar trymkmony (< 20) Submitted: 1/2/2011 10:49:41 PM : Outperform Start Price: $7.24 MHR Score: -69.47

ceo has history of building great companies..mhr has good assets.

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