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Cimarex Energy to launch 6M-share offering

May 19, 2015 4:34 PM ETCoterra Energy Inc. (CTRA) StockBy: Carl Surran, SA News Editor
  • Cimarex Energy (XEC) -3.7% AH after announcing a public offering of 6M common shares, with an underwriters option to purchase up to an additional 900K shares.
  • XEC says it plans to use the proceeds for general corporate purposes and to fund increased drilling and completion activity in H2 2015 and more significantly in 2016.

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