Fri, 09 Oct 2015 23:16:14 GMT ~ Small U.S. shale firm scraps dividends as it explores all options
[Reuters] - Oil and gas producer Magnum Hunter Resources Corp, laden with debt and stung by the worst market downturn in six years, scrapped its dividends on Friday and hired a financial adviser to explore all strategic alternatives. The company, run by Chief Executive Gary Evans, said it hired PJT Partners LP, a financial adviser known for restructuring work, and the law firm Kirkland & Ellis LLP as legal adviser. Cash-strapped Magnum Hunter, mainly a natural gas producer, operates in the Marcellus and Utica shale fields of Ohio and West Virginia.
Link: http://www.otcmarkets.com/stock/MHR/company-info Ticker: $MHR OTC Market Place: Not Available CIK code: 0001335190 Company name: Magnum Hunter Resources Corp. Company website: http://www.magnumhunterresources.com/home.html Incorporated In: DE, USA
Business Description: Petro Resources is an independent exploration and production company focused on domestic lease acquisitions, exploration, and oil and gas production in Texas, Louisiana, Colorado, Utah and the Gulf of Mexico.
$MHR share structure
## source: otcmarkets.com
Market Value: $69,543,785 a/o Oct 19, 2015 Shares Outstanding: 220,773,920 a/o Aug 06, 2015 Float: Not Available Authorized Shares: Not Available Par Value: 0.01
$MHR extra dd links
Company name: Magnum Hunter Resources Corp. Company website: http://www.magnumhunterresources.com/home.html