21 Nov 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 Nov 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $32.5 million for the period ended 2011-09-30.
9 Nov 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $32.5 million for the period ended 2011-09-30.
24 Oct 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
18 Oct 2011material agreement▲ Good
Magnum Hunter finalized the terms of warrants it had declared as a dividend to common and exchangeable shareholders - one warrant per ten shares held, exercisable through October 2013 at $10.50 a share - a shareholder sweetener rather than new financing.
4 Oct 2011debt financing▼ BadMajor
Magnum Hunter added a $100 million second-lien term loan led by Capital One and BMO, priced at a steep 6-8% margin over base rates - a costlier, more junior layer of debt stacked on top of its existing bank revolver as the post-NGAS/NuLoch balance sheet grew.
22 Aug 2011capital raising announcement▲ GoodMajor
Magnum Hunter's Eureka Hunter Pipeline subsidiary set up its own $150 million financing (a $100 million SunTrust-led revolver plus a $50 million second-lien term loan from PennantPark) separate from the parent's bank line, non-recourse to Magnum Hunter, and used an initial $31 million draw partly to repay corporate debt.
18 Aug 2011debt financing▲ Good
Ahead of closing the North Dakota (Eagle Operating) acquisition, Magnum Hunter's lenders raised its credit facility borrowing base to $187.5 million, rising further to $230 million once that deal closed, while also clearing its Eureka Hunter Pipeline subsidiary to take on a separate $150 million non-recourse credit facility of its own.
9 Aug 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.6 million for the period ended 2011-06-30.
9 Aug 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.6 million for the period ended 2011-06-30.
5 Aug 2011capital raising announcement▲ GoodMajor
Magnum Hunter's Williston Hunter ND subsidiary agreed to buy North Dakota oil and gas properties from Eagle Operating for $57 million ($55 million cash, $2 million in stock) - the company's first big push into the Bakken/Williston Basin, alongside its established Appalachian and Eagle Ford positions.
19 July 2011debt financing▲ Good
With the NGAS and NuLoch acquisitions folded in, Magnum Hunter's lenders raised its credit facility borrowing base again, to $170 million (potentially $177.5 million with added hedges), against a newly expanded $250 million maximum commitment.
21 June 2011material agreement▲ Good
Triad Hunter closed the third and final phase of its West Virginia leasehold purchase from Quest Eastern Resource, adding Lewis and Braxton County mineral interests for about $4.9 million cash - wrapping up the multi-phase deal first announced in December 2010.
14 June 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
24 May 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
11 May 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
9 May 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.5 million for the period ended 2011-03-31.
9 May 2011quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.5 million for the period ended 2011-03-31.
5 May 2011business combination▲ GoodMajor
Magnum Hunter detailed the completed NuLoch Resources acquisition: shareholders and an Alberta court approved it April 28, about 38.6 million Magnum Hunter shares plus 4.3 million exchangeable shares (roughly $333 million total) were issued to former NuLoch holders, and the credit facility's borrowing base rose to $145 million now that both the NGAS and NuLoch deals were done.
3 May 2011business combination▲ GoodMajor
Magnum Hunter announced it had closed its acquisition of NuLoch Resources, the Alberta producer it agreed to buy in January 2011 - full transaction detail to follow in a separate filing.
27 Apr 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
14 Apr 2011substantial holder notice● Neutral
Magnum Hunter Resources Corporation Tax I.D. No. reported a MAGNUM HUNTER RESOURCES CORP shareholding of 78,413,539 shares (100.00% of votes) in a periodic institutional filing.
14 Apr 2011business combination▲ GoodMajor
Magnum Hunter closed its all-stock acquisition of NGAS Resources, making it a wholly owned subsidiary, and refinanced into a new $145 million (initially $120 million) Bank of Montreal-led credit facility maturing 2016 to support the larger, combined company.
12 Apr 2011material agreement▲ Good
Triad Hunter bought more Wetzel County, West Virginia gas properties, this time from Windsor Marcellus, for $20 million cash - a straight bolt-on to the Appalachian acreage assembled through the Triad Energy and Quest Eastern/PostRock deals.
8 Apr 2011substantial holder notice● Neutral
BlackRock, Inc reported a MAGNUM HUNTER RESOURCES CORP shareholding of 2,688,132 shares (3.52% of votes) in a periodic institutional filing.
5 Apr 2011listing compliance notice▼ Bad
MAGNUM HUNTER RESOURCES CORP withdrew a registration statement, abandoning the offering it covered.
28 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
28 Mar 2011material agreement● Neutral
Magnum Hunter launched a third preferred-stock at-the-market program, this time for up to 2 million shares of new 8.0% Series D preferred stock, adding another funding channel as it worked to close three pending acquisitions (Triad follow-ons, NGAS, NuLoch).
21 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
18 Mar 2011listing compliance notice▲ GoodMajor
the New York Stock Exchange certified MAGNUM HUNTER RESOURCES CORP's securities for listing, clearing them to begin trading.