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Magnum Hunter Resources Corp. Message Board

  • entertainmentinvestlng entertainmentinvestlng Apr 19, 2013 10:11 AM Flag

    writing down on assets may be inevitable.

    i'm guessing that the issue with auditor was the asset valuation. given the fact that the oil price is not as high as previous years, asset writedown will be necessary.

    the issue is that it may trigger the contigent liability on its debt covenants.

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