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Magnum Hunter Resources Corp. Message Board

  • czar_vladimir_putin czar_vladimir_putin May 1, 2013 5:14 PM Flag

    Looks like the pipeline may be for sale

    They just filed an 8-K saying they were considering the possibility of a sale of their interest in the pipeline:

    "The Board of Directors of the Company continues to evaluate the overall asset mix of the Company with the goal to provide shareholders of the Company with the best possibilities for the creation, maintenance and enhancement of shareholder value, both near-term and long-term. In connection therewith, and consistent with the Company’s prior public comments, the Board is considering alternatives for the monetization of the Eureka Hunter Pipeline gas gathering system and associated operations, which may include the sale of these assets or the Eureka Hunter Pipeline entity to a third party, the purchaser of which could be either a strategic or financial buyer. However, the Board has not at this time made any definitive determination regarding any such transaction, and no assurance can be given that any such transaction will be completed or as to the structure or timing thereof."

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MHR
6.91+0.11(+1.62%)Aug 29 4:02 PMEDT

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