{"id":7465,"date":"2015-11-13T14:02:06","date_gmt":"2015-11-13T14:02:06","guid":{"rendered":"\/?p=7465"},"modified":"2015-11-13T14:14:41","modified_gmt":"2015-11-13T14:14:41","slug":"magnum-hunter-resources-corp-otcmktsmhrc-crashes-after-reporting","status":"publish","type":"post","link":"\/articles\/magnum-hunter-resources-corp-otcmktsmhrc-crashes-after-reporting\/","title":{"rendered":"Magnum Hunter Resources Corp. (OTCMKTS:MHRC) Crashes After Reporting"},"content":{"rendered":"\n

The petroleum sector has always been a dog eat dog world, but it has been especially hard in recent months, as the oil crisis raged on. Quite a few companies have suffered terribly in that time – and Magnum Hunter Resources Corp. (OTCMKTS:MHRC<\/a>) is one of those. <\/p>\n

Truth be told, MHRC<\/a> <\/strong>doesn’t look like it was doing that good a job making ends meet even before this huge pressure was dumped on it and others in the branch.<\/p>\n

Its accumulated deficit to date is amounts to more than $1 BILLION. Still, at certain points it did seem like it could really start to show its potential.<\/p>\n

The NYSE de-listing back in September all but squashed that dream – yet still the hope must have remained in some investors that things might get better.<\/p>\n

Well, things didn’t get better – that much became obvious when the company’s latest 10-Q hit the web two days ago. What’s worse is the fact that it doesn’t look like things CAN get better for MHRC<\/a><\/strong>, or for anyone in the same boat for that matter. Not until oil prices start climbing the charts big time – and it doesn’t seem like that is going to happen in the foreseeable future.<\/p>\n

This is probably why investors seem to be abandoning MHRC<\/a><\/strong>. Although it is a fully developed company with sizable revenues, the current set of circumstances has made it extremely difficult for such entities to even exist, let alone thrive.<\/p>\n

MHRC<\/a>‘s <\/strong>current situation is sad, in the same way a beached whale is a sad sight – an otherwise impressive giant whom cruel circumstances have left gasping for air. Unfortunately, there’s little even the most enterprising OTC Markets investor could do about either of those things – except be careful not to get squished.<\/p>\n","protected":false},"excerpt":{"rendered":"

The petroleum sector has always been a dog eat dog world, but it has been especially hard in recent months, as the oil crisis raged on. Quite a few companies have suffered terribly in...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1927],"class_list":["post-7465","post","type-post","status-publish","format-standard","hentry","category-news","tag-mhrc"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=7465"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/7465\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=7465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=7465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=7465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}