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Stock Market & Financial Investment News

News Breaks
January 22, 2013
08:32 EDTMHRMagnum Hunter intends to drill minimum of four Utica test wells
Magnum Hunter Resources announced that it intends to drill a minimum of four Utica test wells in Ohio this year. If results are similar to those experienced by offset Operators in the area, then further development on the leasehold position is planned later in the year, the company said. Anticipating favorable results, Magnum said it has already commissioned engineering drawings and Unit preparation on two additional Utica Pads.
News For MHR From The Last 14 Days
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September 30, 2014
18:11 EDTMHRMagnum Hunter announces $23M sale of non-core assets
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September 25, 2014
09:13 EDTMHROn The Fly: Pre-market Movers
HIGHER: LipoScience (LPDX), up 63% after agreeing to be acquired by LabCorp (LH) for $5.25 per share in cash... Magnum Hunter (MHR), up 12.5% after announcing that throughput volumes on Eureka Hunter's gas gathering pipeline system have increased to about 316,500 MMBtu per day... Jabil Circuit (JBL), up 4.7% following its report of better than expected fourth EPS and revenue... JD.com (JD), up 0.7% after the stock was initiated with an Outperform rating at Macquarie. LOWER: Yahoo (YHOO), down 0.6% after RBC Capital downgraded its rating on the stock to Sector Perform from Outperform, saying the risk/reward is less attractive following Alibaba's (BABA) initial public offering... HB Fuller (FUL), down 15% after reporting quarterly results and guidance that missed analyst estimates... Omnova Solutions (OMN), down 10.8% after its Q3 adjusted EPS missed expectations... Pacira Pharmaceuticals (PCRX), down 9.2% after receiving an FDA warning letter over certain promotional materials on Exparel.
07:07 EDTMHRMagnum Hunter announces 316,500 MMBtu per day throughput at Eureka Hunter
Magnum Hunter announced that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio have increased to approximately 316,500 MMBtu per day. Triad Hunter, a wholly-owned subsidiary of the company, is producing approximately 35% of the volumes that are flowing through the Eureka Hunter Pipeline System. The company anticipates Eureka Hunter to be flowing approximately 400,000 MMBtu per day of natural gas throughput volumes by year-end due to significant additional production additions from Triad and third-party producers that are tied into the system throughout this region.
September 24, 2014
19:25 EDTMHRMagnum Hunter says Steward is one of the highest flow rate gas wells in U.S.
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