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home / news releases / MGY - Bonanza Makes Another Common Sense Move - More Scale More Free Cash More Yield

MGY - Bonanza Makes Another Common Sense Move - More Scale More Free Cash More Yield

Magnolia Oil & Gas Corporation Class A
  • Bonanza Creek announced an all-stock purchase of private Wattenberg player Crestone Peak Resources.
  • The deal comes on the heels of their recent Highpoint acquisition and the pending merger with Extraction Oil and Gas.
  • The all-stock transaction results in a large bump in 2022 pro forma EBITDA and Free Cash Flow and a promised increase, yet again, in the dividend.

For further details see:

Bonanza Makes Another Common Sense Move - More Scale, More Free Cash, More Yield
Stock Information
Company Name: Magnolia Oil & Gas Corporation Class A
Stock Symbol: MGY
Market: NYSE
Website: magnoliaoilgas.com
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