In this edition, Fool.com energy editor Joel South shares his reasons why Magnum Hunter Resources is currently a hold. The company is up 20% over the past month, benefiting from increased proven reserves and decreasing operational costs. Magnum Hunter enjoys oil heavy liquids drilling and still holds 321,000 undeveloped net acres of highly sought land, but Joel sees better opportunities elsewhere in the Bakken shale. Check out the following video for more information on Magnum Hunter and other Bakken players.
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The article Buy, Sell, or Hold: Magnum Hunter originally appeared on Fool.com.
Austin Smith, Joel South, and The Motley Fool have no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.