Magnun Hunter Resources – Delays in the Marcellus/Utica

What’s going on with Magnum Hunter Resources (MHR)? That’s the question asked and answered by Seeking Alpha blogger Mike Maher in an article posted today. The article is a mea culpa and explanation as to why he was wrong about MHR’s stock price. Back in November he predicted the stock, then at $3.92 per share, would soon take off. Today? It’s trading almost exactly at the same $3.92. So what happened?

MDN is not an investment blog, although a number of individual investors and investment firms do subscribe and read. Our interest in Maher’s article is not about MHR’s stock performance, but rather his discussion of MHR’s operations in the Marcellus and Utica Shale. He brings some good new information to light—a brief status report about MHR’s activities (or lack thereof) in our neck of the woods…

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