Key Developments: Magnum Hunter Resources Corp (MHR)

MHR on New York Consolidated

3.57USD
19 Dec 2014
Price Change (% chg)

$0.34 (+10.53%)
Prev Close
$3.23
Open
$3.26
Day's High
$3.58
Day's Low
$3.20
Volume
9,543,613
Avg. Vol
7,270,008
52-wk High
$9.27
52-wk Low
$2.75

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Latest Key Developments (Source: Significant Developments)

Magnum Hunter Resources Corp declares monthly cash dividend on Series C preferred stock, series D preferred stock and series E preferred stock
Monday, 1 Dec 2014 07:00am EST 

Magnum Hunter Resources Corp:Announces that it has declared a monthly cash dividend on the Company's 10.25 pct Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on the company's 8.0 pct Series D Cumulative Preferred Stock and;.Monthly cash dividend on the company's 8.0 pct Series E Cumulative Convertible Preferred Stock.Says dividend on the Series C Preferred Stock, which is for the month of Dec. 2014, is payable on Dec. 31, to holders of record at the close of business on Dec. 15.Payment will be an annualized 10.25 pct per share, which is equivalent to about $0.2135 per share, based on the $25.00 per share liquidation preference of the Series C Preferred Stock.Dividend on the Series D Preferred Stock, which is for the month of Dec. 2014, is payable on Dec. 31, 2014, to holders of record at the close of business on Dec. 15.Payment will be an annualized 8.0 pct per share, which is equivalent to about $0.3333 per share.Dividend on the Series E Preferred Stock, which is for the month of Dec. 2014, is payable on Dec. 31, to holders of record at the close of business on Dec. 15.Payment will be an annualized 8.0 pct per share of Series E Preferred Stock, which is equivalent to about $166.6667 per share.  Full Article

Magnum Hunter Resources Corp reaffirms FY 2014 exit-rate production guidance
Friday, 7 Nov 2014 07:00am EST 

Magnum Hunter Resources Corp:Remains confident with FY 2014 32,500 BOE (195 MMCFE) exit rate guidance.  Full Article

Magnum Hunter Resources Corp declares monthly cash dividend on Series C, D and E Preferred Stock
Monday, 3 Nov 2014 07:00am EST 

Magnum Hunter Resources Corp:Declared monthly cash dividend on company's 10.25% Series C Cumulative Perpetual Preferred Stock, monthly cash dividend on Company's 8.0% Series D Cumulative Preferred Stock and monthly cash dividend on Company's 8.0% Series E Cumulative Convertible Preferred Stock ("Series E Preferred Stock").Dividend on Series C Preferred Stock, which is for month of Nov. 2014, is payable on Dec. 1 to holders of record at close of business on Nov.14.  Full Article

Magnum Hunter Resources Closes definitive agreement to sell certain non-core assets located in Divide County, North Dakota
Wednesday, 15 Oct 2014 04:01pm EDT 

Magnum Hunter Resources Corp:Announced that Bakken Hunter, LLC, a subsidiary of the company, has closed on the previously announced definitive agreement to sell certain non-core, non-operated working interests in specific oil and gas properties located in Divide County, North Dakota.Total sales price of about $84.7 million in cash.  Full Article

Magnum Hunter Resources announces definitive agreement to sell certain non-core assets located in Divide County, North Dakota
Thursday, 9 Oct 2014 04:02pm EDT 

Magnum Hunter Resources Corp:Announced that Bakken Hunter, LLC, a wholly-owned subsidiary of the Company, has entered into a definitive agreement.Agreement to sell certain non-core, non-operated working interests in specific oil and gas properties located in Divide County, North Dakota to an independent exploration and production company for a total sales price of $84.7 million in cash.Purchaser has today made a $4.25 million purchase deposit for the benefit of Bakken Hunter, LLC.  Full Article

Magnum Hunter Resources Corp declares monthly cash dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock
Wednesday, 1 Oct 2014 07:00am EDT 

Magnum Hunter Resources Corp:Says it has declared a monthly cash dividend on its 10.25 pct Series C Cumulative Perpetual Preferred Stock.Says it has declared a monthly cash dividend on its 8.0 pct Series D Cumulative Preferred Stock.Says it has declared a monthly cash dividend on its 8.0 pct Series E Cumulative Convertible Preferred Stock.Says dividend on the Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock which is for the month of Oct. 2014, is payable on Oct. 31, to holders of record at the close of business on Oct. 15.  Full Article

Magnum Hunter Resources announces sale of certain non-core assets located in Divide County, North Dakota
Tuesday, 30 Sep 2014 04:12pm EDT 

Magnum Hunter Resources Corp:Says that Bakken Hunter, LLC, wholly-owned subsidiary of company, closes sale of certain non-core and non-operated working interests in oil and gas properties located in Divide County, North Dakota (Properties) to privately held company affiliated with Formation Energy L.P.Says sales price of properties was $23,051,320 in cash, after taking into account customary purchase price adjustments, and was received by Magnum Hunter from this sale.The effective date of transaction was April 1.The Properties currently account about 170 BOE of average daily production, net to ownership interest sold to buyer, and consist of non-operated working interest in about 34,600 gross (2,852 net) leasehold acres.  Full Article

Magnum Hunter Resources Corp announces partnership with Morgan Stanley Infrastructure on Eureka Hunter
Tuesday, 16 Sep 2014 07:00am EDT 

Magnum Hunter Resources Corp:Entered into transaction agreement with an affiliate of Morgan Stanley Infrastructure Inc.Relating to separate purchase agreement between MSI and Ridgeline Midstream Holdings, LLC, an affiliate of ArcLight Capital Partners, LLC, providing for purchase by MSI of all convertible preferred and common equity interests in Eureka Hunter Holdings, LLC owned by ArcLight.Transaction agreement includes new limited liability company agreement at Eureka Hunter to be entered into by Magnum Hunter, MSI and minority interest members of Eureka Hunter contemporaneously with closing of MSI's purchase of ArcLight's equity interests in Eureka Hunter.Such closing is expected to occur in early Oct. 2014.Connection with such closing, all preferred equity interests in Eureka Hunter acquired by MSI from ArcLight (about 41 pct of total equity interests in Eureka Hunter).  Full Article

Magnum Hunter Resources Corp declares monthly cash dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock
Tuesday, 2 Sep 2014 07:13am EDT 

Magnum Hunter Resources Corp:Declares monthly cash dividend on 10.25 pct Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on 8.0 pct Series D Cumulative Preferred Stock and monthly cash dividend on 8.0 pct Series E Cumulative Convertible Preferred Stock.Says outstanding shares of Series E Preferred Stock are represented by depositary shares, each representing a 1/1,000th interest of a share of Series E Preferred Stock.Dividend on Series C Preferred Stock is payable on Sept. 30 to holders of record at the close of business on Sept. 15.Dividend on the Series D Preferred Stock is payable on Sept. 30 to holders of record at the close of business on Sept. 15.Dividend on the Series E Preferred Stock is payable on Sept. 30 to holders of record at the close of business on Sept. 15.  Full Article

Magnum Hunter Resources Corp announces no present intention to increase tender offer price for Ambassador
Tuesday, 12 Aug 2014 11:00pm EDT 

Magnum Hunter Resources Corp:Says that in connection with its takeover bid for Ambassador Oil & Gas Limited, Magnum Hunter has no present intention to increase the consideration being offered by it to acquire all of the outstanding ordinary shares of Ambassador.Magnum Hunter will continue to offer one share of Magnum Hunter common stock for every 23.6 outstanding ordinary shares of Ambassador.Magnum Hunter’s offer will expire on Aug. 22, 2014, and Magnum Hunter has no present intention to extend its offer.  Full Article

US STOCKS-MannKind, Magnum Hunter among premarket actives

NEW YORK, Sept 25 - MannKind Corp shares were among the most actively traded in premarket on Thursday, after the company said it had closed a licensing agreement with Sanofi for the development and commercialization of its inhaled insulin product.

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