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Magnum Hunter Resources Corp. Message Board

dredgolf 2 posts  |  Last Activity: Oct 1, 2014 11:16 AM Member since: Nov 12, 2012
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  • Reply to

    They're squeezing my bag very hard!

    by mhrbagholder Oct 1, 2014 9:48 AM
    dredgolf dredgolf Oct 1, 2014 11:16 AM Flag

    The investor village mhr board has a few comments by Keybanc, GMP, Stifel and Suntrust on asset sales and liquidity.

    Sentiment: Buy

  • dredgolf by dredgolf Sep 29, 2014 7:35 AM Flag

    From Fuelfix if you would like to see the full article. There is no further mention of Triad in the article, but Noble, Gastar and Statoil also submitted bids. Winners selected in the next week or two. This is the first I saw of this:

    CHARLESTON, W.Va. — Facing another tough budget scenario, West Virginia is ready to let companies drill for oil and natural gas deep beneath 14 miles of the Ohio River.

    On Friday, state commerce officials opened bids to drill under the northern West Virginia section of the river, which serves as a natural border with Ohio. Officials said other river tracts could be next, and a wildlife management area is under consideration.

    Leasing state land for hydraulic fracturing operations is a new venture for West Virginia, and could produce plenty of money during uncertain budget times. A bid by Triad Hunter, for instance, would yield the state $17.8 million up front for a five-year lease, plus 18 percent in royalties from what’s extracted.

    Sentiment: Buy

MHR
3.24-0.33(-9.24%)4:01 PMEST

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