Past year: ▼ 99%(1.00c – 1.87 USD)
Each one in plain English, with the numbers worked through for a shareholder.
6 Apr 2012asset acquisition disposition▲ GoodMajor
ArcLight's Ridgeline bought another $46.8 million of Eureka Hunter Holdings preferred units, and Eureka Holdings used the proceeds plus new equity to buy TransTex Gas Services' gas-treating business for $58.5 million - expanding Magnum Hunter's midstream operations beyond pipeline gathering into gas treating and processing.
5 Apr 2012asset acquisition disposition▲ GoodMajor
Magnum Hunter finally closed the long-delayed Eagle Operating North Dakota acquisition, about seven months late, for roughly $53 million ($50.9 million cash plus stock) - raising its working interest in the Williston Basin properties from about 47% to about 95%, resolving the dispute that had stalled the deal since August 2011.
5 Apr 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
27 Mar 2012capital raising announcement▲ GoodMajor
Magnum Hunter brought in outside capital for its midstream arm: Ridgeline Midstream Holdings, an affiliate of ArcLight Capital Partners, committed up to $200 million to buy preferred units in Eureka Hunter Holdings (the parent of the Eureka Hunter pipeline), funding an initial $60 million purchase - the pipeline business's first outside institutional investor.
9 Mar 2012material agreement● Neutral
Magnum Hunter's long-delayed North Dakota acquisition from Eagle Operating - originally set to close in August 2011 but stalled by a dispute that turned into litigation - was rescheduled to close March 30, 2012 under a court settlement, still for $57 million and still raising Magnum Hunter's working interest in the properties from about 47% to about 95%.
29 Feb 2012quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $75.2 million for the period ended 2011-12-31.
27 Feb 2012substantial holder notice● Neutral
Magnum Hunter Resources Corporation Tax I.D. No. disclosed a new substantial MAGNUM HUNTER RESOURCES CORP shareholding (9.50% of votes).
21 Feb 2012debt financing▲ Good
Magnum Hunter's bank lenders raised its revolving credit facility borrowing base further, to $235 million from $200 million, while also amending the separate $100 million second-lien term loan - the credit facility had now nearly tripled in less than a year as the company kept adding debt.
9 Feb 2012substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial MAGNUM HUNTER RESOURCES CORP shareholding (7.45% of votes).
2 Feb 2012quarterly activities report▼ Bad
MAGNUM HUNTER RESOURCES CORP reported a quarterly net loss of $75.2 million for the period ended 2011-12-31.
19 Jan 2012material agreement termination● Neutral
Magnum Hunter again refreshed its Series D preferred at-the-market sales agreements with MLV and Wunderlich under a new shelf registration, terminating the December 2011 versions - another routine renewal of the same ongoing preferred-equity funding tool.
19 Jan 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
19 Jan 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
13 Jan 2012securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
12 Dec 2011debt financing▲ Good
On rising proved reserves, Magnum Hunter's bank lenders again increased its credit facility borrowing base, to $200 million from $167.5 million, and eased the debt-to-EBITDAX covenant calculation - continued easy access to bank credit even as the company piled on the second-lien term loan alongside it.
2 Dec 2011material agreement termination● Neutral
Magnum Hunter replaced its Series D preferred at-the-market program with new agreements with MLV & Co. and Wunderlich Securities under a fresh shelf registration, terminating the March 2011 version - a routine refresh, not new capital.
2 Dec 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
21 Nov 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed the final prospectus for a registered offering.
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.
