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News Breaks
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October 22, 2009
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| 06:21 EDT |  | XEC |
| theflyonthewall.com: | Cimarex Energy reaffirms borrowing base | | Cimarex's bank group, as part of the regularly scheduled fall review, reaffirmed the Company's $1B borrowing base related to its credit facility maturing in April 2012. Bank group commitments of $800M also remain unchanged. As of September 30, 2009, Cimarex had borrowings outstanding of $156M, which is $183M less than the second-quarter balance of $339 million. The reduction in borrowings was funded from non-core property sales, tax refunds, lower capital spending relative to cash flow and a net positive working capital change. Immediately after quarter-end, Cimarex completed the sale of its interest in a Texas secondary recovery oil field for $81 million, which further reduced bank borrowings to $115 million. Year-to-date proved property sales total $117 milli :theflyonthewall.com |
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February 13, 2012
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| 14:53 EDT |  | XEC |
| theflyonthewall.com: | Cimarex Energy February volatility increases into Q4 | | Cimarex Energy February 70 and 75 calls are active on total call volume of 950 contracts (450 puts). February call option implied volatility is at 67, March is at 40; compared to its 26-week average of 44 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results on February 15. :theflyonthewall.com |
| | 10:07 EDT |  | XEC |
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