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Stock Market & Financial Investment News

News Breaks
April 16, 2013
07:09 EDTMHRMagnum Hunter says daily production approaching 20K bpd
Magnum Hunter Resources announced an operational update on each of the company's upstream unconventional resource plays for Q1 and provided an operational update for the company's midstream division, Eureka Hunter Pipeline. The company said, "We are expeditiously proceeding ahead with the closing of the sale of our Eagle Ford Division to Penn Virginia as previously announced. We anticipate financial closing prior to the end of April 2013...Companywide daily production is quickly approaching 20,000 Boe per day. We will not be lowering our production guidance for the year even after losing approximately 3,200 Boe per day later this month due to the Eagle Ford sale. With the imminent sale and closing of the Eagle Ford Division, we will be reallocating the capital budget previously earmarked for this Division to both the Appalachian and Williston Basin Divisions and maintain an overall $300M upstream capital expenditure budget for the year. Our liquidity position will significantly improve at the end of this month with the expectation of completely paying off our existing Senior Revolving Credit Facility at that time...With our midstream division, we are in a unique position to gather and process new discoveries in this region much more expeditiously than our competition."
News For MHR From The Last 14 Days
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October 1, 2014
13:52 EDTMHRActivist firm Relational winding down, dissolving funds, WSJ says
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September 30, 2014
18:11 EDTMHRMagnum Hunter announces $23M sale of non-core assets
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September 25, 2014
09:13 EDTMHROn The Fly: Pre-market Movers
HIGHER: LipoScience (LPDX), up 63% after agreeing to be acquired by LabCorp (LH) for $5.25 per share in cash... Magnum Hunter (MHR), up 12.5% after announcing that throughput volumes on Eureka Hunter's gas gathering pipeline system have increased to about 316,500 MMBtu per day... Jabil Circuit (JBL), up 4.7% following its report of better than expected fourth EPS and revenue... JD.com (JD), up 0.7% after the stock was initiated with an Outperform rating at Macquarie. LOWER: Yahoo (YHOO), down 0.6% after RBC Capital downgraded its rating on the stock to Sector Perform from Outperform, saying the risk/reward is less attractive following Alibaba's (BABA) initial public offering... HB Fuller (FUL), down 15% after reporting quarterly results and guidance that missed analyst estimates... Omnova Solutions (OMN), down 10.8% after its Q3 adjusted EPS missed expectations... Pacira Pharmaceuticals (PCRX), down 9.2% after receiving an FDA warning letter over certain promotional materials on Exparel.
07:07 EDTMHRMagnum Hunter announces 316,500 MMBtu per day throughput at Eureka Hunter
Magnum Hunter announced that throughput volumes on Eureka Hunter's gas gathering pipeline system located in West Virginia and Ohio have increased to approximately 316,500 MMBtu per day. Triad Hunter, a wholly-owned subsidiary of the company, is producing approximately 35% of the volumes that are flowing through the Eureka Hunter Pipeline System. The company anticipates Eureka Hunter to be flowing approximately 400,000 MMBtu per day of natural gas throughput volumes by year-end due to significant additional production additions from Triad and third-party producers that are tied into the system throughout this region.
September 24, 2014
19:25 EDTMHRMagnum Hunter says Steward is one of the highest flow rate gas wells in U.S.
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