Magnum Hunter last traded at US$7.13 which puts the value of its offer at 31.9 cents.
Drillsearch current offer is 32 cents based on $1.46 trading price.
MHR entering a very important support area around $7. A break of $7 suggests more downside
DLS similarly very important support around $1.45.
Both are reporting quarterly results in the next 3 weeks.
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