Key Developments: Magnum Hunter Resources Corp (MHR)

MHR on New York Consolidated

7.44USD
11 Jul 2014
Price Change (% chg)

$-0.20 (-2.62%)
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$7.64
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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
Tuesday, 1 Jul 2014 07:00am 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 pct Series E Cumulative Convertible Preferred Stock.Dividend on the Series C Preferred Stock, which is for the month of July, is payable on July 31 to holders of record at the close of business on July 15.Dividend on Series D Preferred Stock, which is for the month of July, is payable on July 31 to holders of record at the close of business on July 15.Dividend on Series E Preferred Stock, which is for the month of July, is payable on July 31 to holders of record at the close of business on July 15.  Full Article

Magnum Hunter Resources announces dismissal of consolidated securities class action lawsuit in the united states district court for the southern district of New York
Tuesday, 24 Jun 2014 05:25pm EDT 

Magnum Hunter Resources Corp:Announced that the consolidated securities class action lawsuit filed against the company last year has now been dismissed in its entirety by the judge overseeing the case in the United States District Court for the Southern District of New York.  Full Article

Magnum Hunter Resources announces joint development venture in Washington County, Ohio
Monday, 23 Jun 2014 07:00am EDT 

Magnum Hunter Resources Corp:Forms a new Joint Venture under a Joint Operating Agreement with EM Energy Ohio, LLC.Contract area covers an existing mineral leasehold position currently owned by both companies which includes collectively about 1,080 net acres in the Marcellus Shale and Utica Shale Formations located in Washington County, Ohio.  Full Article

Magnum Hunter Resources Corp increases Ambassador Oil and Gas Ltd offer consideration and declares offer unconditional
Monday, 16 Jun 2014 07:16pm EDT 

Magnum Hunter Resources Corp:Announces increased offer for all of ordinary shares in Ambassador Oil and Gas Ltd.Says increased offer consideration of one share of Magnum Hunter common stock for every 23.6 Ambassador shares held, which represents A$0.381 per Ambassador share, and declares offer unconditional.Share sale facility to be made available to Ambassador shareholders to elect to receive cash instead of Magnum Hunter stock.Magnum Hunter's Bidder's statement to be released this week.Ambassador Shareholders advised to take no action in relation to Drillsearch offer until release of Magnum Hunter Bidder's statement and recommendation regarding Magnum Hunter offer by the Ambassador board.Magnum Hunter intends to make application to Takeovers Panel.  Full Article

Magnum Hunter Resources Corp announces intention to make takeover bid for Ambassador Oil and Gas Ltd
Monday, 9 Jun 2014 08:05pm EDT 

Magnum Hunter Resources Corp:Says intention to make off-market takeover offer for all of ordinary shares in Ambassador Oil and Gas Ltd.Offer consideration will be one share of Magnum Hunter common stock for every 27.8 Ambassador shares.At the offer ratio, Magnum Hunter plans to issue about 5.1 mln shares of common stock in order to acquire 100 pct. of Ambassador, equivalent to about 2.6 pct. of Magnum Hunter's outstanding shares of common stock as of June 9.Ambassador shareholders will own about 2.5 pct. of outstanding shares of common stock of Magnum Hunter as of June 9 (and pro forma for the issuance of shares pursuant to Magnum Hunter Offer) it Magnum Hunter acquires 100 pct. of Ambassador.  Full Article

Magnum Hunter Resources declares monthly cash dividend on Series C preferred stock, Series D preferred stock and Series E preferred stock
Sunday, 1 Jun 2014 08:00pm EDT 

Magnum Hunter Resources Corp:Declares monthly cash dividend on 10.25pct Series C Cumulative Perpetual Preferred Stock, a monthly cash dividend on 8.0pct Series D Cumulative Preferred Stock and a monthly cash dividend on 8.0pct Series E Cumulative Convertible Preferred Stock.Dividend on the Series C Preferred Stock is payable on June 30 to holders of record at the close of business on June 16.Dividend on the Series D Preferred Stock is payable on June 30, 2014, to holders of record at the close of business on June 16.Dividend on the Series E Preferred Stock is payable on June 30, 2014, to holders of record at the close of business on June 16.  Full Article

Magnum Hunter announces $150 mln private placement of common stock
Wednesday, 28 May 2014 07:00am EDT 

Magnum Hunter Resources Corp:Enters into a definitive securities purchase agreement with Relational Investors LLC and certain of its affiliates.To sell to, in a private offering, an aggregate of 21,428,580 shares of common stock at $7.00 per share, for net proceeds of $150 mln.Intends to use the proceeds from this equity offering for general corporate purposes.  Full Article

Magnum Hunter Resources Corp reaffirms FY 2014 exit-rate production guidance
Friday, 9 May 2014 07:00am EDT 

Magnum Hunter Resources Corp:Reaffirms FY 2014 year-end exit-rate production guidance of 32,500 boepd (post planned non-core asset sales).  Full Article

Magnum Hunter Resources Corp declares monthly cash dividend on Preferred Stocks
Thursday, 1 May 2014 07:00am EDT 

Magnum Hunter Resources Corp:Declares monthly cash dividend on company's 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 on8 pct Series E Cumulative Convertible Preferred Stock.Outstanding shares of Series E Preferred Stock are represented by depositary shares, each representing a 1/1,000th interest of share of Series E Preferred Stock.Dividend on Series C Preferred Stock, which is for the month of May 2014, is payable on June 2 to holders of record at close of business on May 15.Payment will be 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 Series D Preferred Stock, which is for the month of May 2014, is payable on June 2 to holders of record at the close of business on May 15.Payment will be annualized 8 pct per share, which is equivalent to about $0.3333 per share, based on $50.00 per share liquidation preference of the Series D Preferred Stock.Dividend on the Series E Preferred Stock, which is for the month of May 2014, is payable on June 2 to holders of record at the close of business on May 15.Payment will be annualized 8 pct per share of Series E Preferred Stock, which is equivalent to about $166.6667 per share, based on the $25,000 per share liquidation preference of the Series E Preferred Stock.  Full Article

Magnum Hunter Resources Corp announces sale of Canadian subsidiary
Tuesday, 22 Apr 2014 07:00am EDT 

Magnum Hunter Resources Corp:Definitive agreement with Canadian private co.To sell 100 pct of its ownership interest in Co's Canadian subsidiary, whose assets consist primarily of oil and gas properties located in Tableland Field in Saskatchewan, Canada.Sale for purchase price of $75 mln.  Full Article

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