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Magnum Hunter Resources Corp. Message Board

  • jms54 jms54 Oct 25, 2012 8:13 AM Flag

    growing by acquisition

    Looks like a good bit of undeveloped property with no dilution to common stock. Should give a nice bump to reserves. Gary clearly has a plan for this company and agree or not, he is not being slow to implement.

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    • This is true,he spent 106.7 mil on a PHCompany.He sounds like my first wife.Never meet a shoe she didn't won't to buy.

      • 1 Reply to cincyyyyy
      • ..

        Magnum Hunter Resources announced that Triad Hunter, LLC, a wholly-owned subsidiary of the vompany, has entered into a definitive purchase agreement to acquire 100% of the stock of privately-held Viking International Resources Co., Inc., or Virco, for a purchase price of approximately $106.7M. The transaction, which is subject to customary closing conditions, is expected to close on or about Nov. 2, 2012, with an effective date of Jan. 1, 2012. Current net production from the producing assets associated with this acquisition is approximately 475 barrels of oil equivalent per day, or boe/d, with a very low decline rate. Total estimated proved reserves are 3.7M boe as of Jan. 1, 2012.
        ..

    • IMHO, Gary has the vision of what he wants to do with the company in front of him and is working toward that goal.The distractors are arguing how he gets us there. I own 15000 shares with the 1000 shares I bought this morning for $3.75. Thanks for the cheap shares.

      Sentiment: Strong Buy

    • Lets hope this is a much better deal than the nose bleed deal with BTE?

    • IMHO, Gary has the vision of what he wants to do with the company in front of him and is working toward that goal.The distractors are arguing how he gets us there. I own 15000 shares with the 1000 shares I bought this morning for $3.75. Thanks for the cheap shares.

      Sentiment: Strong Buy

 
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