Past year: ▼ 99%(1.00c – 1.87 USD)
Each one in plain English, with the numbers worked through for a shareholder.
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.
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.
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.
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.
9 Nov 2012late filing notice▼ Bad
MAGNUM HUNTER RESOURCES CORP notified the SEC that its quarterly report would be filed late.
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.
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.
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.
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.
11 Sept 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
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.
7 Sept 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.
6 Sept 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
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.
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.
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.
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.
19 July 2012auditor change● Neutral
Magnum Hunter completed its auditor search, engaging PricewaterhouseCoopers as its new independent auditor for fiscal 2012 after Hein & Associates declined to continue - no disagreements were reported with the outgoing auditor.
6 July 2012debt financing▼ Bad
Magnum Hunter's Eureka Hunter Pipeline subsidiary had to get its second-lien lender PennantPark to loosen leverage and interest-coverage covenants and waive a default, the pipeline's first sign of financial strain since taking on outside debt in 2011.
1 June 2012auditor change● Neutral
Magnum Hunter's longtime auditor Hein & Associates, which had audited it since 2009, declined to stand for re-election for fiscal 2012; the company said it wanted a larger firm to match its rapidly expanding operations and began searching for a replacement, with Hein staying on in the interim.
23 May 2012asset acquisition disposition▲ GoodMajor
Magnum Hunter closed the $311 million Baytex Energy acquisition in North Dakota's Divide and Burke Counties, financed by the new senior notes and equity offering - its largest deal yet, completing the buildout of a fourth major operating area (Williston Basin) alongside Appalachia, Eagle Ford and the Eureka Hunter midstream business.
16 May 2012debt financing▼ BadMajor
Magnum Hunter closed the $450 million, 9.750% senior notes offering, netting about $432 million to help pay for the Baytex acquisition, retire its term loan and revolver borrowings, and raise its 2012 capital budget from $150 million to $325 million - a sharp step up in both spending and debt load.
14 May 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
14 May 2012material agreement▼ BadMajor
To help fund the Baytex acquisition, Magnum Hunter agreed to a $450 million offering of 9.750% senior unsecured notes due 2020 and a public offering of 35 million common shares at $4.50 each - a major, expensive capital raise reflecting how much debt and equity the company now needed to keep growing.
10 May 2012quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.5 million for the period ended 2012-03-31.
8 May 2012debt financing▲ Good
Magnum Hunter amended its bank credit facility to accommodate the pending $311 million Baytex acquisition, its lenders again supporting the company's expansion.
4 May 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
3 May 2012quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.5 million for the period ended 2012-03-31.
3 May 2012quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $12.5 million for the period ended 2012-03-31.
24 Apr 2012material agreement▲ GoodMajor
Magnum Hunter's Bakken Hunter subsidiary agreed to buy Baytex Energy's non-operated working interest in Divide and Burke Counties, North Dakota for $311 million cash - by far its largest single acquisition yet, which would lift its stake in those Williston Basin properties from 10% up to as much as 47.5%.
