Hercules Offshore and Magnum Hunter Resources Well Positioned for Downturn in Oil Prices

The Bedford Report released research on Hercules Offshore Drilling, Inc. (NASDAQ:HERO) and Magnum Hunter Resources Corporation (AMEX:MHR).

The press release is quoted as saying:

The International Energy Agency (IEA) recently forecast threats to global economic recovery may cut oil demand growth next year by more than 60 percent, while keeping underlying forecasts for 2011 and 2012 little changed.

Click here to read the entire news release.