Magnum Hunter Resources Corp (MHR) 0.15 $MHR Ma
Post# of 273249
Magnum Hunter Resources Corporation Receives Court Approval for DIP Financing and All First Day Motions
Marketwire Canada - Thu Dec 17, 3:52PM CST
Magnum Hunter Resources Corporation (OTC PINK: MHRC) and certain of its wholly-owned subsidiaries (collectively, the "Company" or "Magnum Hunter" announced today that the United States Bankruptcy Court for the District of Delaware (the "Court" has approved a variety of "first day" motions related to Magnum Hunter's voluntary chapter 11 restructuring. Collectively, the first day orders entered provide the Company with the ability to continue operating in the ordinary course while it continues to pursue a comprehensive financial restructuring.
MHR: 0.15 (-0.11)
Magnum Hunter Resources Corporation Files Voluntary Chapter 11 Petitions to Facilitate Balance Sheet Restructuring With the Overwhelming United Support of Funded Debt Holders
Marketwire Canada - Tue Dec 15, 9:32AM CST
Magnum Hunter Resources Corporation (OTC PINK: MHRC) and certain of its wholly-owned subsidiaries (collectively, the "Company" or "Magnum Hunter" today announced that they have filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to facilitate the restructuring of their consolidated balance sheet through a prearranged restructuring plan. The Company also announced its entry into a restructuring support agreement with lenders that hold, in the aggregate, approximately 75% in principal amount of the Company's funded debt claims. Specifically, the parties to the restructuring support agreement hold substantially all of the Company's first lien debt, approximately 66.5% in principal amount of the Company's second lien debt, and approximately 79% in principal amount of the Company's senior unsecured notes. The restructuring support agreement contemplates the debt-to-equity conversion of (i) substantially all of the Company's prepetition funded indebtedness and (ii) 100% of the Company's contemplated postpetition debtor-in-possession financing (described below), resulting in a significantly deleveraged balance sheet upon the Company's anticipated emergence from the chapter 11 bankruptcy process in April 2016. In addition, the restructuring support agreement contemplates a significant cash recovery to vendors and trade claimants.
MHR: 0.15 (-0.11)
Magnum Hunter Resources Announces New Record Throughput Volumes at Eureka Hunter of -835,000 MMBtu per Day
Marketwire Canada - Mon Dec 14, 4:42PM CST
Magnum Hunter Resources Corporation (OTC PINK: MHRC) ("Magnum Hunter" or the "Company" announced today that throughput volumes on Eureka Hunter Pipeline, LLC's gas gathering pipeline system located in West Virginia and Ohio reached a new record high throughput volume of approximately 835,000 MMBtu per day on the first of December. Magnum Hunter owns a substantial equity interest in Eureka Hunter Pipeline, LLC ("Eureka Hunter" of approximately 45 percent. Eureka Hunter's current throughput volumes represent an approximate 16% increase from reported volumes in July 2015.
MHR: 0.15 (-0.11)
Penny Stocks Alerts for Dominovas Energy, Agrieuro, Magnum Hunter Resources, Bioelectronics, EKSO BIONICS, and Premier Biomedical
PR Newswire - Wed Nov 18, 8:00AM CST
Pennystocksinsiders.com (PSI) released FREE insider trading reports for US market investors to track the following active stocks and penny stocks: Dominovas Energy (OTCMKTS: DNRG), Agrieuro (OTCBB: EURI), Magnum Hunter Resources (OTCMKTS: MHRC), Bioelectronics (OTCMKTS: BIEL), EKSO BIONICS (OTCBB: EKSO), and Premier Biomedical (OTCMKTS: BIEI).
MHR: 0.15 (-0.11), EKSO: 3.94 (+0.07)
Magnum Hunter Resources Announces Refinancing of Revolving Credit Facility
Marketwire Canada - Thu Nov 05, 4:00PM CST
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter" announced today that it has refinanced its existing senior secured revolving credit facility with certain banks and obtained additional liquidity through a new senior secured term loan. The refinancing and additional liquidity are being provided, in equal amounts, by holders of more than a majority of the Company's second lien term loan agreement, and holders of more than a majority of the Company's 9.75% Senior Notes due 2020. These new lenders have also agreed to forbear from the exercise of certain rights and remedies with respect to certain events of default (including the failure to pay interest when due under the Company's 9.75% Senior Notes due 2020 and second lien term loan agreement) and work, in good faith, on negotiating the terms of a consensual restructuring with the Company.
MHR: 0.15 (-0.11), PJT: 24.49 (-0.45)
Magnum Hunter Resources Hires Advisors to Explore Strategic Alternatives
Marketwire Canada - Fri Oct 09, 5:15PM CDT
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter" announced today that it has hired PJT Partners LP (NYSE: PJT) (the combination of Blackstone's advisory businesses and PJT Capital LP, a global financial advisory firm founded by Paul J. Taubman), as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company's Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company's current capital structure. As previously disclosed, the Company has actively worked to manage its balance sheet, including potential consummation of certain asset sales. With the addition of these advisors, the Company will continue to develop and explore all potential strategic alternatives.
MHR: 0.15 (-0.11), PJT: 24.49 (-0.45)
The Zacks Analyst Blog Highlights: SandRidge Energy, Apache, QEP Resources, Magnum Hunter Resources and Clayton Williams Energy
A Clark - Zacks Investment Research - Thu Oct 08, 8:30AM CDT
The Zacks Analyst Blog Highlights: SandRidge Energy, Apache, QEP Resources, Magnum Hunter Resources and Clayton Williams Energy
CWEI: 69.61 (+2.72), SD: 0.15 (-0.02), MHR: 0.15 (-0.11), QEP: 19.35 (+0.13), APA: 51.67 (+0.38)
Murphy Oil (MUR) in Focus: Stock Moves 9.6% Higher
Zacks Equity Research - Zacks Investment Research - Mon Oct 05, 7:40AM CDT
Murphy Oil Corporation (MUR) saw its shares rise nearly 10% in the last trading session.
MHR: 0.15 (-0.11), MUR: 27.33 (+0.53)
Hot Stock: Magnum Hunter Resources, Shares Drop 10.8% (MHR)
Comtex SmarTrend(R) - Tue Sep 29, 12:50PM CDT
Magnum Hunter Resources (NYSE:MHR) is one of today's worst performing penny stocks, down 10.8% to $0.31 on 1.0x average daily volume. Thus far today, Magnum Hunter Resources has traded 8.0 million shares, vs. average volume of 7.7 million shares per day. The stock has underperformed the Dow (-10.8% to the Dow's 0.2%) and underperformed the S&P 500 (-10.8% to the S&P's 0.3%) during today's trading.
MHR: 0.15 (-0.11)
Magnum Hunter Resources Announces the Appointment of Vice President-Finance and Capital Markets
Marketwire Canada - Thu Sep 24, 9:03AM CDT
Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the "Company" or "Magnum Hunter" announced today that the Board of Directors has appointed Chris Hewitt as Vice President - Finance and Capital Markets effective September 15, 2015. Mr. Hewitt, age 45, will report directly to Gary C. Evans, Chairman and Chief Executive Officer of Magnum Hunter.
MHR: 0.15 (-0.11), WFC: 49.99 (-0.56)
Market Insight on the Basic Materials Sector -- Magnum Hunter Resources, WPX Energy, Potash Corporation of Saskatchewan, Oasis Petroleum and Whiting Petroleum
PR Newswire - Tue Sep 22, 7:39AM CDT
ACI Association has initiated research coverage on the following equities: Magnum Hunter Resources Corporation (NYSE: MHR), WPX Energy, Inc. (NYSE: WPX), Potash Corporation of Saskatchewan Inc. (NYSE: POT), Oasis Petroleum Inc. (NYSE: OAS), and Whiting Petroleum Corporation (NYSE: WLL). On Monday, September 21, 2015, Nasdaq ended at 4,828.95, up 0.04%, DOW advanced 0.77% to finish the day at 16,510.19, and the S&P closed at 1,966.97, up 0.46%. Register for your complimentary reports at the links given below.
MHR: 0.15 (-0.11), WLL: 8.01 (+0.61), WPX: 13.42 (+0.51), POT: 17.66 (-0.33), OAS: 10.26 (+0.28)
Hot Stock: Magnum Hunter Resources, Shares Drop 9.6% (MHR)
Comtex SmarTrend(R) - Thu Sep 17, 12:49PM CDT
Magnum Hunter Resources (NYSE:MHR) is one of today's worst performing penny stocks, down 9.6% to $0.52 on 1.2x average daily volume. Magnum Hunter Resources has traded 7.2 million shares thus far today, vs. average volume of 6.1 million shares per day. The stock has underperformed the Dow (-9.6% to the Dow's 0.3%) and underperformed the S&P 500 (-9.6% to the S&P's 0.3%) during today's trading.
MHR: 0.15 (-0.11)
Beware! These Oil Producers Might Get Delisted from the NYSE
Nilanjan Choudhury - Zacks Investment Research - Wed Sep 16, 10:45AM CDT
With stock price under a dollar, several E&Ps are on the verge of being pushed from the NYSE.
SD: 0.15 (-0.02), MHR: 0.15 (-0.11), HK: 0.31 (unch), GDP: 0.16 (-0.04), SFY: 0.16 (unch), XCO: 1.03 (unch)
Stock to Watch: Magnum Hunter Resources Down 13.1% (MHR)
Comtex SmarTrend(R) - Mon Sep 14, 12:47PM CDT
Magnum Hunter Resources (NYSE:MHR) is one of today's worst performing penny stocks, down 13.1% to $0.52 on 1.2x average daily volume. Magnum Hunter Resources has traded 6.9 million shares thus far today, vs. average volume of 5.8 million shares per day. The stock has underperformed the Dow (-13.1% to the Dow's -0.4%) and underperformed the S&P 500 (-13.1% to the S&P's -0.5%) during today's trading.
MHR: 0.15 (-0.11)