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Actionable news in MHR: MAGNUM HUNTER RESOURCES CORPORATION,

Magnum Hunter Needs To Eliminate Over 75% Of Its Interest And Dividend Payments To Become Competitive

Summary

  • Magnum Hunter suspended its preferred dividends and announced that it was exploring strategic alternatives.
  • The outlook for natural gas looks challenging into 2016, so the company likely needs to reduce its break-even point to $70 oil and $3.50 natural gas to be somewhat competitive.
  • This would require eliminating 75+% of its preferred dividend and interest payments.
  • Bankruptcy is not a...

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