3 Apr 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Apr 2014debt financing▲ Good
Eureka Hunter Pipeline refinanced into a new $117 million ABN AMRO-led revolving facility (extendable to $150 million only with lender consent), non-recourse to Magnum Hunter, using it to repay and cancel the $50 million PennantPark second-lien term loan that had needed covenant relief in 2012 and again in 2013, and to close out the undrawn SunTrust first lien. The same filing disclosed the sale of Magnum Hunter's Alberta properties - about 110 boe/day from three Kiskatinaw wells - to BDJ Energy for CAD $9.5 million.
31 Mar 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
31 Mar 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC.
21 Mar 2014capital raising announcement● Neutral
Magnum Hunter raised $30.1 million in a private placement of 4.3 million common shares to institutional investors, earmarked for its Marcellus/Utica Ohio and West Virginia leasehold buildout and related gas-transportation letters of credit - funding the Appalachian growth even as it kept selling off North Dakota, Eagle Ford and Canadian assets.
What it means for a shareholder
4.3m new shares at about $7.00 to raise about $30.1m. That's 2.4% dilution: every existing holder's slice gets 2.4% smaller. If you held $1,000 of shares (143 at the issue price), your slice goes from 0.0000833% to 0.0000813% of the company. To keep it you'd need 4 more shares - about $28 at the issue price.
Create a free account to see this worked out for your own holding.
27 Feb 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
24 Feb 2014quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $46.5 million for the period ended 2013-12-31.
12 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a MAGNUM HUNTER RESOURCES CORP shareholding of 9,547,966 shares (5.58% of votes) in a periodic institutional filing.
11 Feb 2014substantial holder notice● Neutral
BlackRock, Inc reported a MAGNUM HUNTER RESOURCES CORP shareholding of 10,013,026 shares (5.90% of votes) in a periodic institutional filing.
4 Feb 2014substantial holder notice● Neutral
ICS Opportunities, Ltd, Cognizant Holdings, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander reported a MAGNUM HUNTER RESOURCES CORP shareholding of 9,081,116 shares (5.30% of votes) in a periodic institutional filing.
31 Jan 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
23 Jan 2014material agreement▲ Good
New Standard Energy's Texas subsidiary exercised its option and signed to buy Magnum Hunter's remaining Eagle Ford Shale properties for $15 million cash plus NSE shares, completing Magnum Hunter's full exit from the Eagle Ford play first entered years earlier.
23 Jan 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
22 Jan 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
17 Jan 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
14 Jan 2014material agreement● NeutralMajor
Magnum Hunter settled a tangle of lawsuits and an arbitration with Seminole Energy Services over a jointly-owned Tennessee gas processing plant and related contracts - the same counterparty whose gas-gathering fee agreements Magnum Hunter had negotiated cooperatively back in 2011 as a condition of the NGAS merger had since escalated into multi-state litigation, now resolved by settlement.
7 Jan 2014securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
6 Jan 2014asset acquisition disposition▲ Good
Magnum Hunter closed the sale of its Burke/Renville/Bottineau/McHenry County, North Dakota properties to Enduro Operating for about $39.6 million net of the earlier deposit, and its credit facility borrowing base automatically dropped by $22.5 million as a result - continuing the wind-down of the North Dakota position built up through 2012's big acquisitions.
24 Dec 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended a filing by which it registered a securities offering with the SEC.
19 Dec 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
18 Dec 2013debt financing● Neutral
Magnum Hunter replaced its long-running, many-times-amended bank facility with a fresh Third Amended and Restated Credit Agreement, still with Bank of Montreal, on largely similar terms and a $265 million starting borrowing base - a clean reset after eighteen amendments piled onto the old agreement since 2011.
13 Dec 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
11 Dec 2013material agreement▲ Good
Magnum Hunter granted Australia's Pathfinder Onshore Energy (a New Standard Energy subsidiary) an option to buy its remaining Eagle Ford Shale properties in Atascosa County, Texas for $15 million cash plus New Standard Energy shares - completing Magnum Hunter's exit from the Eagle Ford play it had entered years earlier and now sold off entirely following the larger Penn Virginia sale.
29 Nov 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC.
27 Nov 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
27 Nov 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
22 Nov 2013debt financing▲ Good
Magnum Hunter agreed to sell more North Dakota oil and gas properties - about 30,000 acres and 180 wells across four counties - to Enduro Operating for $45 million cash, continuing to shed North Dakota acreage acquired just eighteen months earlier in the big Baytex deal.
12 Nov 2013securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
8 Nov 2013quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2013-09-30.
8 Nov 2013quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2013-09-30.