Why American Midstream Partners, TETRA Technologies, and Magnum Hunter

Resources Exploded Higher This Week

It's amazing what a little bit of news will do to badly beaten down

energy stocks. We saw that this week as several energy stocks

exploded higher on good news. Leading the charge, according to

S&P Capital IQ data, were American Midstream Partners, TETRA

Technologies, and Magnum Hunter Resources.

Here’s a look at the news that moved these stocks.

Photo credit: TaxCredits.net

What:Shale gas producer Magnum Hunter Resources (NYSE: MHR) stock jumped more

than 28% this week.

So What: Key driver: Magnum

Hunter Resources agreed to a joint venture agreement with a private equity fund

$430 million farm-out agreement for 9,500 acres in the Utica Shale

Now What: Company will receive a small

cash injection, while the PE fund will fund the drilling of up to $400 million worth of wells

Once the PE fund earns a 12% IRR, wells are returned back to Magnum Hunter

Key takeaway: Company gets a cash injection and future production in return for currently undeveloped acreage

What:Chemical maker TETRA Technologies (NYSE: TTI) leapt more than 44% this

week.

So What: Key driver: TETRA crushed

earnings estimates Revenue: $316.3 million

(beats by $47.3 million) EPS: $0.16 per share

(beats by $0.15 per share)

Now What: Margins were really strong

due to cost cutting initiatives Company also issued better-

than-expected third-quarter guidance (EPS of $0.07-$0.09 per share vs. consensus of $0.02 per share)

Key takeaway: Investors love the strong quarter and better guidance

What:MLP American Midstream Partners (NYSE: AMID) rocketed nearly 50% this

week.

So What: Key driver: American

Midstream and its general partner announced a drop-down transaction

Company will pay $162 million to acquire a 25% stake in Delta House, which is a Gulf of Mexico midstream system

Now What: Transaction provides a clear

path to distribution growth Deal was lauded by

analysts, with one upgrading the company

Key takeaway: Clear visibility to future growth is seen as a solid reason to buy

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