Magnum Hunter’s 5-Point Plan to Raise Cash in 2015

Yesterday MDN reported on Magnum Hunter Resources’ (MHR) first quarter 2015 update yesterday (see Magnum Hunter 1Q15: Prod. Up 66%, Financials Worse Than Expected). Something slipped by our notice–the section in the update that we call “Magnum Hunter’s 5-Point Plan to Raise Cash in 2015.” Buried in the update is a section called “2015 Liquidity Events” that outlines MHR’s strategy for raising money and keeping afloat in 2015. Below we show you what MHR said, and then we break it down and tell you what it means–we interpret what they said. The standout point (#5) is MHR’s plan to sell of $450 million worth of Utica Shale acreage…

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