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Magnum Hunter Resources Corp. Message Board

cincyyyyy 281 posts  |  Last Activity: 22 hours ago Member since: May 9, 2012
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  • cincyyyyy cincyyyyy Aug 13, 2015 11:11 PM Flag

    MHR has a gap to fill @.77 so .80 is very possible ??? .we still must deal with" R" seller along with ATM ? We have poster that have done a very good job of tracking these issue's for the board .And a wells notice still hanging over r head .oil an gas still looking for a bottom so what is an investor / trader to do ur guess is as good as any one's ? myself I'm waiting it out .

  • Reply to

    Diving fast now.

    by blotechproflteer Aug 13, 2015 2:45 PM
    cincyyyyy cincyyyyy Aug 13, 2015 2:48 PM Flag

    Wait

  • cincyyyyy by cincyyyyy Aug 13, 2015 2:34 PM Flag

    session is less than 540.000 per hour .

  • Reply to

    is there a hint that Morgan Stanley

    by heilcoil Aug 12, 2015 2:51 PM
    cincyyyyy cincyyyyy Aug 12, 2015 3:30 PM Flag

    Magnum Hunter Resources Corp. is preparing to sell its interest in the Eureka Hunter pipeline. But there’s another, more substantial partner – one that owns the majority of the pipeline – that will be impacted by the sale, too.

    The infrastructure arm of Morgan Stanley (NYSE: MS) gained co-control of the pipeline in September. Since March, it has owned 53 percent compared with Magnum Hunter’s 45.53 percent – the entirety of which it plans to soon sell.


    Pipelines and other oil and gas transportation assets are valuable in gas-glutted Appalachia; Magnum Hunter (NYSE:MHR) expects to get more than a half-billion dollars in much-needed liquidity with the sale and an additional $430 million with a Utica shale joint ventue





    Columbus, OH


    Morgan Stanley didn't respond to questions about what Magnum Hunter’s divestiture could mean for the financial services firm. But there are obvious bonuses related to the Texas company’s proposed megadeal. For one, Morgan Stanley Infrastructure would get at least $50 million from Magnum Hunter after the sale of the pipeline, according to estimates from Wunderlich Securities Inc. and reported by the Oil and Gas Financial Journal.

    Magnum Hunter CEO Gary Evans said last week on an earnings call the company expects to restart its idled drilling program by early November, after the completion of the two deals. That’s good news long-term for Morgan Stanley because Magnum Hunter has committed to about 36 percent of Eureka Hunter’s throughput, according to the Wunderlich report.

    The pipeline, about 175 miles in southeastern Ohio and northern West Virginia, has secured more players, too.


    “Eureka has won some really nice contracts with some larger international companies in the are

  • Reply to

    OT OT OT

    by cincyyyyy Aug 12, 2015 9:48 AM
    cincyyyyy cincyyyyy Aug 12, 2015 10:10 AM Flag

    excellent .I was close to ur buy along W/B .

  • cincyyyyy by cincyyyyy Aug 12, 2015 9:48 AM Flag

    Put BAC on ur watch list .

  • to buy at a buck .I'll re-double down @ $1.03 .

  • cincyyyyy cincyyyyy Aug 11, 2015 8:00 AM Flag

    Pursuant to the Term Sheet, the Fund would, subject to certain terms and conditions, commit up to an aggregate of $430,000,000 (the "Contribution Amount") in cash for purposes of the Farm-out. Of the Contribution Amount,
    (i) up to $25,000,000 would be paid to Triad to reimburse Triad for certain third-party costs it incurred to prepare the Target Acreage for drilling operations, as further described below, and (ii) the balance would be used to develop and (to the extent not paid from operating cash flows from the developed Target Acreage) operate and manage the Target Acreage.

    The Term Sheet also provides for the possible development by Triad and the Fund under certain circumstances of the Acreage other than the Target Acreage (the "Additional Acreage"). If Triad and the Fund determine to develop any Additional Acreage, the Fund would, subject to certain terms and conditions, commit funds in addition to the Contribution Amount to develop such Additional Acreage. The Term Sheet also provides for the formation of a defined area of mutual interest (the "AMI Acreage") adjacent to the Acreage, and the possible development by Triad and the Fund under certain circumstances of the AMI Acreage. If Triad and the Fund determine to develop any AMI Acreage, the Fund would, subject to certain terms and conditions, commit funds in addition to the Contribution Amount to develop such AMI Acreage. In such case, such AMI Acreage would become Target Acreage.

    The Term Sheet also provides that Triad would be designated as the operator under the applicable joint operating agreements that would be entered into between Triad and the Fund to develop the Acreage. Triad and the Fund would also enter into a management services agreement pursuant to which Triad would provide to the parties certain management services with respect to the Acreage, and the Fund would pay Triad a specified management fee for such services.

  • cincyyyyy cincyyyyy Aug 11, 2015 7:49 AM Flag

    Form 8-K for MAGNUM HUNTER RESOURCES CORP

    11-Aug-2015

    Item 8.01 Other Events.
    On August 10, 2015, Magnum Hunter Resources Corporation (the "Company") entered into a letter of intent (the "LOI") with a private equity fund (the "Fund") that sets out the preliminary non-binding terms and conditions (the "Term Sheet") of a proposed farm-out arrangement (the "Farm-out") to develop certain undeveloped and unproved oil and gas leasehold acreage (the "Acreage") currently held by Triad Hunter, LLC, a wholly-owned subsidiary of the Company ("Triad").

    The Acreage consists of approximately 28,500 net leasehold acres located in the Marcellus Shale and Utica Shale in Monroe and Washington Counties, Ohio. No reserves underlying the Acreage are currently classified as proved reserves. Predominately all of the Acreage is currently dedicated to an existing gas gathering agreement between Triad and Eureka Hunter Pipeline, LLC, which owns and operates a natural gas gathering system located in West Virginia and Ohio. The Company indirectly owns a significant equity interest in Eureka Hunter Pipeline, LLC.

    Pursuant to the Term Sheet, in connection with the Farm-out, Triad and the Fund would initially target the development of approximately 9,500 net leasehold acres within the Acreage (the "Target Acreage"). The Target Acreage would be developed pursuant to multiple plans of development which have been negotiated by and between the parties, but are subject to further revision.

    Pursuant to the Term Sheet, the Fund would, subject to certain terms and conditions, commit up to an aggregate of $430,000,000 (the "Contribution Amount") in cash for purposes of the Farm-out. Of the Contribution Amount,
    (i) up to $25,000,000 would be paid to Triad to reimburse Triad for certain third-party costs it incurred to prepare the Target Acreage for drilling operations, as further described below, and (ii) the balance would be used to develop and (to the extent not paid from o

  • cincyyyyy cincyyyyy Aug 10, 2015 4:03 PM Flag

    Buddy holly "Maybe" baby that takes me back aways .wow

  • a good entry a while back I was wrong then for sure .So I tried (doubled down) @ $1.03 again .so far so good .That phrase reminds me of a joke .A man jumps of the Empire state building and on the way down he screamed so far so good ?

  • cincyyyyy cincyyyyy Aug 10, 2015 11:57 AM Flag

    The company expects to generate more than $500 million by selling its interest in its Eureka Hunter Midstream pipeline system. That could happen in as soon as three weeks, although a longer timeline is possible.


    The other deal is more likely to close sooner. A joint venture partnership for its Utica shale acreage should close early this week, executives from the Texas shale driller told analysts Friday in a second-quarter earnings call. It would bring in $450 million.

    Both transactions have been in the works for months. Magnum Hunter (NYSE:MHR) has 200,000 acres under lease in the Utica and Marcellus shale plays. It has often made headlines for natural gas wells with huge production results and, more recently, for its attempts to meet a cash-raising obligation.

    “Our sector is definitely in the pits and is going to be here for awhile is the way we’re assuming it,” Magnum Hunter CEO Gary Evans said.

    Magnum Hunter brought in $33.4 million in oil and gas revenue for the quarter, down 60 percent from $83.8 million a year ago. It has about $8.8 million cash on hand.


    The joint venture is one way to survive low oil and gas prices – drillers pursue them in part to spread risk. In this case, Magnum Hunter would contribute some of its considerable undeveloped Ohio acreage and get an up-front cash infusion. Magnum Hunter has negotiated the joint venture with an unnamed partner since March, and Evans said they’ve worked on more than 20 term sheets.

    The other deal for Magnum Hunter’s pipeline subsidiary is expected to close at between $460 million and $600 million. Evans indicated on the call that the actual number will “be near the upper end of that range, and that’s what we’re shooting for.” That makes sense. Earlier, the company projected raising between $600 million and $700 m

  • Reply to

    Anyone start a new position

    by cincyyyyy Aug 10, 2015 10:36 AM
    cincyyyyy cincyyyyy Aug 10, 2015 11:12 AM Flag

    Yes me too .I'll be in the green @ $1.03 .I always want more volume 2.4 mil not great but respectable

  • Reply to

    Anyone start a new position

    by cincyyyyy Aug 10, 2015 10:36 AM
    cincyyyyy cincyyyyy Aug 10, 2015 11:05 AM Flag

    Nice

  • Reply to

    Anyone start a new position

    by cincyyyyy Aug 10, 2015 10:36 AM
    cincyyyyy cincyyyyy Aug 10, 2015 10:48 AM Flag

    Very Good !

  • Reply to

    Anyone start a new position

    by cincyyyyy Aug 10, 2015 10:36 AM
    cincyyyyy cincyyyyy Aug 10, 2015 10:45 AM Flag

    sorry this session's low was .82 not .84

  • Reply to

    Anyone start a new position

    by cincyyyyy Aug 10, 2015 10:36 AM
    cincyyyyy cincyyyyy Aug 10, 2015 10:43 AM Flag

    Moved it up to .84 this session's low .

  • Or add to their present one ? I got shutout with my .77 buy this a.m. and just can't bring myself to chase it .

MHR
0.85-0.06(-6.47%)Aug 28 4:04 PMEDT