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Magnum Hunter Resources: The Nightmare Is Over For Now

Magnum Hunter Resources Corp. (MHR) is willing to wait this out and by "this" I mean the drop in natural gas pricing.

Luckily for it, I think natural gas pricing capitulates this Thursday and begins to move higher (not in a straight line folks) from there. If you haven't read the above linked piece and you're long MHR it might just provide you some hope.

MHR also could be the beneficiary of a second form of demand allowance in that oilfield services costs, at least according to MHR CEO Gary Evans, could be coming down soon. Actually, Mr. Evans thinks that over the next six months oilfield services costs will come down 30-40% which would allow production returns to expand even if the underlying commodity pricing remains flat. But, I don't want to get too far into that bold claim because there's zero evidence this will happen and at this… Read More …