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MAGNUM HUNTER RESOURCES CORP

US:MHRUS:MHR-PCUS:MHR-PEUS:MHR-PD
No current share price held for this company.

Past year: ▼ 99%(1.00c – 1.87 USD)

Market cap
—
Shares on issue
—
Story beats
55 since 2009
Last event
6 May 2016

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

25 Jan 2013material agreement● Neutral

Magnum Hunter set up an at-the-market program to sell depositary shares representing its new Series E convertible preferred stock through MLV & Co. - yet another ongoing equity-funding channel alongside the Series C and D preferred ATMs.

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23 Jan 2013securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.

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31 Dec 2012listing compliance notice▼ Bad

Magnum Hunter had to get an NYSE waiver after repeatedly postponing its 2012 annual shareholder meeting, which put it at risk of violating the exchange's rule requiring an annual meeting each fiscal year; the NYSE agreed to the extension provided the meeting was held by January 17, 2013.

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21 Dec 2012debt financing▼ BadMajor

Magnum Hunter issued another $150 million of its 9.750% senior notes due 2020 (on top of the $450 million sold in May 2012, taking total notes to $600 million), and its bank lenders reduced the revolving credit facility's borrowing base to offset the new bond debt, as required under the credit agreement's debt-substitution formula.

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10 Dec 2012listing compliance notice▲ GoodMajor

the New York Stock Exchange certified MAGNUM HUNTER RESOURCES CORP's securities for listing, clearing them to begin trading.

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7 Dec 2012debt financing● Neutral

Magnum Hunter's bank lenders raised the annual cap on preferred-stock dividends from $40 million to $45 million, a routine covenant tweak reflecting the growing stack of Series C, D and E preferred stock outstanding.

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6 Dec 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.

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6 Dec 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.

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5 Dec 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.

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4 Dec 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.

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28 Nov 2012material agreement▲ Good

Bakken Hunter agreed to buy about 20,000 net Williston Basin acres and related well interests in Divide County, North Dakota from Samson Resources - the same operator that held an area-of-mutual-interest option on the earlier Baytex deal - for $30 million cash, further building out the North Dakota position.

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16 Nov 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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16 Nov 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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14 Nov 2012debt financing▲ Good

Magnum Hunter's lenders raised its credit facility borrowing base again to $325 million (plus a temporary $50 million non-conforming tranche, for $375 million total) and cleared the way for the new Series E convertible preferred stock issued in the Virco deal - the facility had grown roughly fifteenfold in credit-limit terms across amendments since 2009.

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14 Nov 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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14 Nov 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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13 Nov 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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9 Nov 2012late filing notice▼ Bad

MAGNUM HUNTER RESOURCES CORP notified the SEC that its quarterly report would be filed late.

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8 Nov 2012capital raising announcement▲ GoodMajor

Magnum Hunter closed the Virco acquisition, paying the agreed $106.7 million in cash and new Series E convertible preferred depositary shares, and set up the depositary arrangements for the new preferred stock - completing the deal announced two weeks earlier.

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30 Oct 2012capital raising announcement▲ GoodMajor

Triad Hunter agreed to buy Viking International Resources (Virco) for about $106.7 million - $37.3 million cash plus $69.4 million in a newly created 8.0% Series E convertible preferred stock, convertible into common stock at $8.50/share - another acquisition funded partly with a new layer of preferred equity stacked below the existing Series C and D preferred.

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24 Oct 2012quarterly activities report▼ Bad

MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $296.9 million for the period ended 2012-09-30.

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22 Oct 2012financial restatement▼ BadMajor

Magnum Hunter disclosed it had understated non-cash stock-option compensation expense by about $3.8 million in its Q2 2012 10-Q due to a vesting-schedule calculation error, and its Audit Committee concluded that quarter's financial statements could no longer be relied on - an internal-controls stumble discovered right as the company was also replacing its auditor.

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11 Sept 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.

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11 Sept 2012material agreement● Neutral

Magnum Hunter sold another 1.05 million shares of its Series D preferred stock in a public best-efforts offering at $44 per share, adding roughly $45 million more preferred capital on top of its earlier Series D issuances.

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7 Sept 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.

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6 Sept 2012securities registration● Neutral

MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.

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13 Aug 2012debt financing▲ Good

On higher proved reserves, Magnum Hunter's bank lenders raised its credit facility borrowing base again, to $260 million from $212.5 million, and loosened debt and preferred-dividend limits - continued lender support even as leverage kept climbing.

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9 Aug 2012quarterly activities report● Neutral

MAGNUM HUNTER RESOURCES CORP reported a quarterly net income of $165.4 million for the period ended 2012-06-30.

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9 Aug 2012quarterly activities report● Neutral

MAGNUM HUNTER RESOURCES CORP reported a quarterly net income of $165.4 million for the period ended 2012-06-30.

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6 Aug 2012quarterly activities report● Neutral

MAGNUM HUNTER RESOURCES CORP reported a quarterly net income of $165.4 million for the period ended 2012-06-30.

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