Skip to content

Magnolia Oil & Gas slides after launching $1B public stock offering

Stocks & Finance
Magnolia Oil & Gas slides after launching $1B public stock offering

Oil and gas industry. Oil pump oil rig energy industrial machine for petroleum in the sunset background, Increase in oil production

Evgenii Mitroshin/iStock via Getty Images

Magnolia Oil & Gas (MGY) down 5.7% post-market Monday after commencing a public offering of $1B of common shares, with an underwriters option to purchase up to an additional $150M of shares.

Magnolia (MGY) said it plans to use the


Source: Seeking Alpha — This article was automatically imported from the source. Read full article at original source →

SE
Originally published by Seeking Alpha seekingalpha.com
Visit original article

admin

Leave a Comment