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Magnum Hunter Resources Corp.
Ticker Symbol: MHRCQ* CUSIP: 55973B102 Exchange: OTOTC
* NOTE: This security is no longer trading as of 5/09/2016
Company's Online Profile
BUSINESS: Magnum Hunter Resources Corporation is an independent oil and gas company engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and NGLs resources in the United States and Canada. They are presently active in three unconventional shale resource plays in North America, specifically, the Marcellus Shale in West Virginia and Ohio; the Utica Shale in southeastern Ohio and western West Virginia; and the Williston Basin/Bakken Shale in North Dakota and Saskatchewan, Canada. They are also engaged in midstream and oilfield services operations, primarily in West Virginia, Ohio and Texas.
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Notes: May 9, 2016 -- OTC Daily Deletions Updates note: Bankruptcy Plan Effective - Shares Cancelled. ________________Oct 9, 2015 - Magnum Hunter Resources Corporation announced today that it has hired PJT Partners LP (NYSE: PJT), as financial advisor, and Kirkland & Ellis LLP, as special legal advisor, to advise management and the Company's Board of Directors regarding potential strategic alternatives to enhance liquidity and address the Company's current capital structure. To preserve liquidity as the Company considers these strategic alternatives, the Board of Directors of the Company has suspended the monthly dividends on its 10.25% Series C Cumulative Perpetual Preferred Stock, 8.0% Series D Cumulative Preferred Stock and 8.0% Series E Cumulative Convertible Preferred Stock. This suspension commences with the monthly cash dividend that would otherwise have been declared and paid for the month ending October 31, 2015 and will continue indefinitely. Under the terms of the Series C, Series D and Series E Preferred Stock, any unpaid dividends, including the unpaid dividends for the month ending October 31, 2015 and any future unpaid dividends, will accumulate.
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Previous Ticker Symbol: MHRC Changed: 12/17/2015
Previous Name: Petro Resources Corp. Changed: 7/09/2009
Mid Cap Stock -
Market Value $800.0 Million
Company's Online Information Links
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Company's Online SEC EDGAR Filings |
Company's Email Address Links |
Address and Phone Numbers |
Address: 777 Post Oak Blvd., Suite 650, Houston, TX 77056 |
Main Phone Number |
832-369-6986 |
Fax Number |
832-369-6992 |
Investor Relations
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832-203-4539
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Toll Free Phone Number |
Unknown |
CEO - Gary C. Evans |
CFO - Joseph C. Daches |
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