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Magnum Hunter Sells Canadian Holdings

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By Darren Barbee, Hart Energy
April 23, 2014

Magnum Hunter Resources Corp. (NYSE: MHR) is officially over Canada.

After making a deal to sell its assets for CA$75 million, or about US$67.5 million at current exchange rates, the company has met its goal of exiting and divesting all its Canadian holdings.

MHR said April 22 that it signed a definitive agreement with a Canadian private company to sell all of its ownership interest in the company's Canadian subsidiary. The company also appears on track to sell its Appalachian Basin assets within the next month, an analyst said.

The ...

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