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Magnum Hunter Resources Corp. Message Board

  • greenangold greenangold Nov 28, 2011 11:40 AM Flag

    need cash

    secondary - have they filed for an offering????

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    • I'm with Rastie on this one. Cincy, ya gotta 'splain to me how a company can grow without using debt? Where do you think the cash for all those wells comes from? Would you rather have an outfit with ALL CASH, sitting there selling off assets without any chance of increasing the scope of their operations? What on earth would cause anyone to buy their stock? How would the company grow? Sounds to me like you need a little education on operating a business.

    • "The canadian Bakken assets can be sold, amongst others" That's what the point was,is it possible to sell some non core asset's to pay down some of the 214 million dollar debt.Some poster's took it upon themself's to have a hissy fit it's no big deal.BTW the last Conf call the ceo spent some time on the debt/funding issue so I wasn't the only one with that concern.

    • <Although 90% of it was over my head.>

      If this is the case, you are following and investing in the wrong company and sector. The canadian Bakken assets can be sold, amongst others. Read the last 4 company presentations.

    • What do you mean put a spin on something that wasn't posted by you? You came on this thread posting some balance sheet info you got from Yahoo, and saying that their debt needed to be addressed. I pointed out that their debt load is rather conservative for a mid sized E & P, and if you are uncomfortable that management can't prudently use debt, then maybe this is not the investment for you.

      If you think that this is an unreasonable amount of debt for a rapidly growing midsized oiler, then I'm telling you that you need to get out more. That's a nice way of saying that you don't know what you are talking about. Ask anybody else on this board.

    • "Your answers are showing your inexperience." Where in any of my post I stated to be an expert on this company and or this type of business? It was rhetorical, no need to answere.

      "Why If you can't trust management to use it prudently, then don't invest there."

      Don't put your spin on some thing that wasn't posted by me!A little bit of you goes a long way,begone.

    • Yes I agree,any and all investor's should tune them in.Although 90% of it was over my head.

    • You need to listen to the last conference call and review the presentation for that call.

    • Balance Sheet
      Total Cash (mrq): 8.18M
      Total Cash Per Share (mrq): 0.06
      Total Debt (mrq): 213.85M
      Total Debt/Equity (mrq): 33.40
      Current Ratio (mrq): 0.51
      Book Value Per Share (mrq): 3.50

      Cash Flow Statement
      Operating Cash Flow (ttm): 5.45M
      Levered Free Cash Flow (ttm): -165.82M

      Their debt need's to be addressed,how is the big question.A little dilution isn't too bad if it is to pay off some of it or a sale of an noncore asset would be even ba better option?

5.87-0.15(-2.49%)Sep 19 4:06 PMEDT

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