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Magnum Hunter Resources Corp. Message Board

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  • rrb1981 rrb1981 Dec 28, 2010 10:32 AM Flag

    seems ceo is like me...buys companies desperate 4 cash

    Exactly. That is Gary's gameplan. He buys distressed assets and companies at a discount, then brings in the money and operational team to make things work. They analyze the wells, gathering system, financing in place etc and fix whatever isn't working. They rework wells, enlarge pipelines, buy aditional working interests, gain operating control etc etc. He did this for 20 yrs at the first Magnum Hunter, now he is doing it again. He is a banker, so to him, it is all about the bottom line. If it doesn't make money for the company, he isn't interested.