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 July 11, 2013 - 8:58 AM EDT
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Wall Street Fundamentals Releases New In-Depth Stock Reports on DNR, FST, HK and MHR

On Wednesday, U.S. oil prices reached a 15-month after the Energy Information Administration reported a sharp drop in domestic inventories. The EIA reported U.S. stockpiles declined 9.87 million barrels last week, which was roughly triple the number projected in a Bloomberg survey. Over the past two weeks crude inventories have declined 20.2 million barrels, the largest two-week fall since 1982, according to data from the EIA.

Denbury Resources Inc. (NYSE: DNR) shares traded in the range of $17.45 to $17.70 Wednesday before settling to close at $17.50. The stock appears to be facing resistance at the $17.79 and $18.15 levels with some support at $17.47. Shares of Denbury Resources have gained approximately 8.0 percent in 2013.

More information on Denbury Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DNR

Forest Oil Corporation (NYSE: FST) shares traded in the range of $4.33 to $4.49 Wednesday before settling to close at $4.47, an increase of 2.29 percent. The stock appears to be facing resistance at the $4.60 and $5.33 levels with some support at $4.28. Shares of Forest Oil have fallen approximately 33.2 percent in 2013.

More information on Forest Oil and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FST

Halcon Resources Corp. (NYSE: HK) shares traded in the range of $6.13 to $6.28 Wednesday before settling to close at $6.25, an increase of 2.12 percent. The stock appears to be facing resistance at the $6.37 and $6.72 levels with some support at $5.84. Shares of Halcon Resources have fallen approximately 9.7 percent in 2013.

More information on Halcon Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HK

Magnum Hunter Resources Corp. (NYSE: MHR) shares traded in the range of $3.95 to $4.00 Wednesday before settling to close at $3.99, an increase of 0.25 percent. The stock appears to be facing resistance at the $3.99 and $4.10 levels with some support at $3.78. Shares of Magnum Hunter Resources are flat year-to-date.

More information on Magnum Hunter Resources and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MHR

Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.

Activate your always free membership by signing up at www.WallStreetFundamentals.com today.

Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com


Source: Accesswire IA (July 11, 2013 - 8:58 AM EDT)

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