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Gold/Mining/Energy : MHRC on the OTC market

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To: Jeff Lawlor who wrote (10)7/27/1997 10:43:00 PM
From: Jeff Lawlor   of 188
 
Monday July 21 9:46 AM EDT

RESEARCH ALERT - Magnum Hunter started

NEW YORK, July 21 (Reuter) - BT Securities said it initiated coverage of Magnum Hunter Resources Inc with a buy rating and a 12-month price target of 7-7/8.

It seemed to be a positive sign, however, stock price remain fairly flat around 5 1/2. Any opinions on why?

Regards,
Jeff
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