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Buy, Sell, or Hold: Magnum Hunter

By Joel South – Updated Apr 7, 2017 at 1:20PM

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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.

Magnum Hunter is one way play the Bakken formation, but our analysts have uncovered another under-the-radar company that's dominating its industry. This company is a leading provider of equipment and components used in drilling and production operations and is poised to profit in a big way from it. To get the name and detailed analysis of this company that will prosper for years to come, check out our special free report: "The Only Energy Stock You'll Ever Need." Don't miss out on this limited-time offer and your opportunity to discover this company before the market does. Click here to access your report -- it's totally free.

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.

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