Magnum Hunter is a mid-tier exploration and production company operating in three
exciting unconventional domestic resource plays - the Marcellus, the
Utica, and the Bakken. MHR represents a unique value investment with
short-to-medium term catalysts via the divestiture of non-core assets,
which currently receive little to no recognition in the market.
MHR's
shares collapsed in early 2013 after the company fell into
noncompliance with regard to financial reporting. This period of
noncompliance followed a hasty bout of acquisitions in 2012 that
undermined the company's internal accounting controls.
Although the
company was forced to fire its auditor, MHR has once again returned to
world of reporting timeliness. It has since completed a transformational
divestiture of key assets and begun in a new strategic direction that
is likely to realize a substantial amount of shareholder value within
the next several months.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.