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Actionable news in REN: RESOLUTE ENERGY Corp,

What’s Up With Resolute Energy?

The day Resolute Energy Corp. (NYSE: REN) reported second quarter results, the stock jumped 24% — before the announcement, which came after the market closed that day. Shares added another 17% the next day. And the company posted a net loss of $2.44 a share.

Since August 9, the shares have nearly doubled to close at $18.97 on Friday, and they were trading higher by nearly 4% on Monday, after posting a new 52-week high of $20.48.

The company’s market cap, even at Monday’s share price, is around $300 million, so it’s a pretty safe bet that investors are looking at what’s ahead for Resolute. Here’s what the CEO said when the company announced second-quarter results:

Sequential average daily production for the quarter increased 32 percent to 11,865 barrels of oil equivalent (“Boe”) per day, and we reduced our lease operating expense (“LOE”) to $14.46 per Boe, an eight percent...


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