Magnum Hunter Resources Corp. Bankruptcy
Magnum Hunter Resources Corporation (Magnum Hunter), an independent oil and gas company, filed bankruptcy on December 15, 2015.
The company is engaged primarily in the exploration for and the exploitation, acquisition, development and production of natural gas and natural gas liquids (NGLs) resources in the United States.
Our bankruptcy case study shows how CreditRiskMonitor could have alerted you to the signs of failure before it was too late.
About Bankruptcy Case Studies
CreditRiskMonitor bankruptcy case studies provide a post-filing analysis of typical bankruptcy filings by public companies.
In nearly every case, a low Altman Z'' score gave our subscribers very early warning that trouble was brewing, usually more than a year in advance.
Most companies also showed continuing decline in the content of the news alerts that we sent to our subscribers (resignations, asset sales, "going concern" opinions, late SEC filings, etc.), and from the deterioration of their financial results. Typically, a sharp decline in CreditRiskMonitor's proprietary FRISK® score to a very risky rating of 4 or below occurred 3-9 months before the company filed for bankruptcy protection.