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Magnum Hunter (MHR -4.7%) agrees to buy certain Williston Basin oil and gas properties from...

Magnum Hunter (MHR -4.7%) agrees to buy certain Williston Basin oil and gas properties from Baytex Energy (BTE -0.4%) for ~$311M, giving it greater exposure in one of North Dakota's most active shale resource plays. MHR plans to increase its upstream capex budget by $75M-$225M, mostly to account for expected additional spending for the acquired properties.
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Comments (4)
  • Wyatt Junker
    , contributor
    Comments (4503) | Send Message
     
    Hmmmm. Do I hear a secondary in the offing?

     

    What's MHR's current debt level?

     

    Gary Evans doesn't seem like Aubrey McClendon. Hope that never happens.
    18 Apr 2012, 12:25 PM Reply Like
  • berniespear
    , contributor
    Comments (244) | Send Message
     
    So why is MHR down so hard on this news?
    18 Apr 2012, 02:35 PM Reply Like
  • MDHJr
    , contributor
    Comments (76) | Send Message
     
    I just got notice of secondary for 5/10!
    4 May 2012, 02:37 PM Reply Like
  • berniespear
    , contributor
    Comments (244) | Send Message
     
    Damn MHR is getting hit hard today.
    4 May 2012, 03:31 PM Reply Like
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