Recent asset sales (I, II) by Magnum Hunter (MHR +3.9%) and Quicksilver Resources (KWK +2.9%)...


Recent asset sales (I, II) by Magnum Hunter (MHR +3.9%) and Quicksilver Resources (KWK +2.9%) are just the beginning, as drillers reach a point where their cash flow isn't enough to pay down big debts racked up in the shale land grab. The combined long-term debt for 85 small and midsize U.S. drillers was more than $130B at the end of Q3 2012, according to one estimate.
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Comments (2)
  • JailDoc
    , contributor
    Comments (51) | Send Message
     
    It's about time these people start using their assets to pay down their
    debt and concentrate on other holdings. As an MHR investor I sure hope this jumpstarts the company.
    3 Apr 2013, 04:55 PM Reply Like
  • Robert Goetter
    , contributor
    Comments (14) | Send Message
     
    if they didn't they would wind up like some of the company's they have acquired, who couldn't and wound up broke.
    4 Apr 2013, 09:35 AM Reply Like
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