Current MHR Stock Info

Even though Magnum Hunter Resources Corp (ticker: MHR) was an early entrant into the Utica Shale (2010), the company elected to wait and watch the play’s development during 2011 and 2012. Most companies don’t have the luxury in an emerging basin to wait and watch due to lease expiry concerns. However, the majority of MHR’s acreage prospective for the Utica Shale (purchased through the acquisition of Triad Energy in 2010) is held by production from shallower targets.

It certainly seems as though MHR likes what it saw during 2012. The company ha...

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