MDN’s Prediction of Gastar Stock Offering Scary Accurate

We don’t toot our own horn too often (at least, we hope not), but we want to point out how MDN keeps readers on the cutting edge. Yesterday we brought you the news that Gastar Exploration is a) shifting their drilling focus to a play outside the Marcellus/Utica in 2015, and b) is issuing more common stock, hoping to raise more money for drilling (see Gastar 2015 Budget: Scaling Back Marcellus/Utica Drilling). We said, based on our back-of-the-envelope calculations, we expect Gastar will raise around $100 million from issuing the new stock. After we published yesterday, Gastar released an update on their stock offering to say they expect to raise…

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