14 June 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP registered a securities offering with the SEC using its shelf eligibility.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
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.
2 May 2011business combination● Neutral
Magnum Hunter filed Amendment No. 1 to its registration for the NuLoch deal, covering up to 4,280,000 common shares that holders of MHR Exchangeco exchangeable shares can swap into one-for-one. The company gets no cash from this and says it intends to redeem the exchangeable shares promptly once it can, after one year. It only becomes effective if the arrangement closes, which still needs approvals including the Alberta court. The text says NuLoch has been acquired in places and is still conditional in others, so the closing status is unclear from this excerpt. The share count is 4,280,000, versus 42,804,675 in the April 8 filing; the excerpt does not explain the difference (it may be a typo in one of the filings). This continues the NuLoch thread.
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 2011business combination● Neutral
Magnum Hunter filed a registration statement for up to 42,804,675 common shares that would be issued when holders swap in the exchangeable shares of its Canadian subsidiary MHR Exchangeco, which are issued to NuLoch holders in the acquisition. The company receives no cash from this, and it says it intends to redeem the exchangeable shares promptly after one year. It becomes effective only if the NuLoch arrangement closes, which still needs shareholder, NuLoch holder and Alberta court approval. This continues the NuLoch deal.
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.
1 Apr 2011business combination● NeutralMajor
Magnum Hunter filed the final version of its proxy for the April 29, 2011 meeting on the NuLoch purchase, now with the blanks filled in. NuLoch holders would own about 32% of the combined company if the NGAS purchase also closes, or about 34% if it does not, so current shareholders would be diluted. The same proposals as in the preliminary proxy remain, including the share-count increases and ratifying Hein & Associates as auditor; the board recommends voting for all of them. This continues the March preliminary filing.
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.
17 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
16 Mar 2011business combination● NeutralMajor
Magnum Hunter filed a preliminary proxy asking common stockholders to approve issuing about 42.8 million shares to buy Alberta-based NuLoch Resources under a January 19, 2011 arrangement agreement. The meeting, planned for around April 29, 2011, also covers raising authorized common stock to 250 million and preferred to 15 million, and raising the incentive plan to 20 million shares. Ownership percentages were left blank.
16 Mar 2011business combination▲ Good
As a condition of the pending NGAS Resources acquisition, Magnum Hunter and NGAS agreed with gas-gathering counterparty Seminole Energy Services to amend NGAS's Appalachian gas gathering and sales agreements - lowering NGAS's gathering fees once the acquisition closes, removing a hurdle to completing the deal.
16 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.
15 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a free-writing prospectus - marketing material for an offering in progress.
9 Mar 2011securities registration● Neutral
MAGNUM HUNTER RESOURCES CORP filed a prospectus supplement for an offering off its existing shelf.
2 Mar 2011business combination● NeutralMajor
Pro forma accounts showing what Magnum Hunter would look like with the PostRock assets, NGAS Resources and NuLoch Resources all folded in - the first consolidated picture of three acquisitions the company was pursuing at the same time.
11 Feb 2011substantial holder notice● Neutral
Gary C. Evans reported a MAGNUM HUNTER RESOURCES CORP shareholding of 5,993,484 shares (7.90% of votes) in a periodic institutional filing.
7 Feb 2011substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial MAGNUM HUNTER RESOURCES CORP shareholding (6.99% of votes).
1 Feb 2011business combination● Neutral
Magnum Hunter said it would combine its 2011 annual shareholder meeting with the special meeting needed to approve the stock issuance for the pending NuLoch acquisition, targeting late April 2011 - a scheduling notice, not new substance.