14 Feb 2007substantial holder notice● Neutral
T. Paul Bulmahn reported a ATP OIL & GAS CORP shareholding of 7,319,410 shares (24.24% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Feb 2007substantial holder notice● Neutral
ANCHORAGE CAPITAL MASTER OFFSHORE, LTD, ANCHORAGE ADVISORS, L.L.C, ANCHORAGE ADVISORS MANAGEMENT, L.L.C, ANTHONY L. DAVIS, KEVIN M. ULRICH reported a ATP OIL & GAS CORP shareholding of 1,817,499 shares (6.00% of votes) in a periodic institutional filing.
14 Feb 2007substantial holder notice● Neutral
Touradji Capital Management, LP, Touradji Global Resources Master Fund, Ltd., Paul Touradji reported a ATP OIL & GAS CORP shareholding of 2,630,091 shares (8.70% of votes) in a periodic institutional filing.
14 Feb 2007substantial holder notice● Neutral
Gerald W. Schlief reported a ATP OIL & GAS CORP shareholding of 1,193,055 shares (3.95% of votes) in a periodic institutional filing.
13 Feb 2007substantial holder notice● Neutral
Centennial Energy Partners, L.L.C, Peter K. Seldin disclosed a new substantial ATP OIL & GAS CORP shareholding (6.30% of votes).
13 Feb 2007substantial holder notice● Neutral
SAB CAPITAL PARTNERS, L.P, SAB CAPITAL PARTNERS II, L.P, SAB OVERSEAS MASTER FUND, L.P, SAB CAPITAL ADVISORS, L.L.C, SAB CAPITAL MANAGEMENT, L.P, SAB CAPITAL MANAGEMENT, L.L.C, SCOTT A. BOMMER reported no remaining ATP OIL & GAS CORP shareholding in its periodic institutional filing.
12 Feb 2007director interest notice● Neutral
ATP OIL & GAS CORP President T Paul Bulmahn sold 147,143 shares.
18 Jan 2007director interest notice● Neutral
ATP OIL & GAS CORP director Gerard J Swonke sold 5,000 shares at $37.29.
3 Jan 2007director interest notice● Neutral
ATP OIL & GAS CORP Chief Financial Officer Albert L Jr. Reese gifted 4,500 shares.
7 Dec 2006director interest notice● Neutral
ATP OIL & GAS CORP Chief Operating Officer Leland E Tate sold 5,000 shares at $45.95.
4 Dec 2006director interest notice● Neutral
ATP OIL & GAS CORP Senior Vice President Gerald W Schlief sold 30,000 shares.
4 Dec 2006director interest notice● Neutral
ATP OIL & GAS CORP President T Paul Bulmahn sold 200,000 shares.
4 Dec 2006director interest notice● Neutral
ATP OIL & GAS CORP General Counsel and Sr. VP Int John E Tschirhart sold 5,761 shares at $45.50.
29 Nov 2006director interest notice● Neutral
ATP OIL & GAS CORP director Walter Wendlandt bought 21 shares on the open market at $45.72.
29 Nov 2006director interest notice● Neutral
ATP OIL & GAS CORP Senior Vice President Gerald W Schlief sold 170,000 shares.
29 Sept 2006substantial holder notice● Neutral
Centennial Energy Partners, L.L.C, Peter K. Seldin disclosed a new substantial ATP OIL & GAS CORP shareholding (5.18% of votes).
30 June 2006director interest notice● Neutral
ATP OIL & GAS CORP director Walter Wendlandt sold 10,000 shares at $39.85.
23 June 2006material agreement▲ GoodMajor
On June 22, 2006 ATP restated its Credit Suisse term loan, raising it from $350.0M to $525.0M by borrowing another $178.5M (net $167.4M after $11.1M of fees). The interest margin falls from LIBOR+5.50% to LIBOR+3.25%, maturity stays April 14, 2010, and the loan now amortizes 1% a year. The debt-to-reserves test that ATP had needed a waiver on in December 2005 is eliminated and replaced by a minimum reserve coverage ratio of 3.0x. The amendment also permits limited common stock buybacks and cash dividends on the preferred, and raises limits on acquisitions and on North Sea funding. The press release says the money is for developing newly acquired properties (Mirage, Morgus, Green Canyon 37) and for acquisitions. This resolves the open covenant retest thread but increases debt.
20 June 2006material agreement● Neutral
On June 14, 2006, the date of the annual shareholders meeting, ATP signed restricted stock agreements with eight non-employee directors. Each gets about $100,000 of restricted common stock (2,727 shares), vesting 50%/25%/25% over three years. Five of them (Swonke, Brisack, Wendlandt, Dilly, Thomas) also get a one-time grant of 6,300 shares vesting January 15, 2007. All vest immediately on a change of control. Bulmahn received none. The new shares add modestly to the share count.
2 June 2006director interest notice● Neutral
ATP OIL & GAS CORP Senior Vice President Gerald W Schlief sold 80,000 shares.
26 May 2006director interest notice● Neutral
ATP OIL & GAS CORP director Edwards George Royalty bought 200 shares on the open market at $41.65.
12 May 2006substantial holder notice● Neutral
SAB CAPITAL PARTNERS, L.P., SAB CAPITAL PARTNERS II, L.P., SAB OVERSEAS MASTER FUND, L.P., SAB CAPITAL ADVISORS, L.L.C., SAB CAPITAL MANAGEMENT, L.P., SAB CAPITAL MANAGEMENT, L.L.C., SCOTT A BOMMER disclosed a new substantial ATP OIL & GAS CORP shareholding (5.10% of votes).
8 May 2006substantial holder notice● Neutral
PALO ALTO INVESTORS reported a ATP OIL & GAS CORP shareholding of 4.00% of votes in a periodic institutional filing.
2 May 2006substantial holder notice● Neutral
PALO ALTO INVESTORS disclosed a new substantial ATP OIL & GAS CORP shareholding (5.49% of votes).
19 Apr 2006director interest notice● Neutral
ATP OIL & GAS CORP President T Paul Bulmahn sold 66,857 shares.
17 Apr 2006director interest notice● Neutral
ATP OIL & GAS CORP President T Paul Bulmahn sold 96,682 shares.
11 Apr 2006substantial holder notice● Neutral
Touradji Capital Management, LP, Touradji Global Resources Master Fund, Ltd, Paul Touradji reported a ATP OIL & GAS CORP shareholding of 2,400,363 shares (8.06% of votes) in a periodic institutional filing.
10 Apr 2006director interest notice● Neutral
ATP OIL & GAS CORP Senior Vice President Gerald W Schlief sold 100,000 shares at $44.37.
28 Mar 2006director interest notice● Neutral
ATP OIL & GAS CORP President T Paul Bulmahn sold 410,000 shares at $40.02.
21 Mar 2006capital raising announcement● NeutralMajor
On March 20, 2006 ATP privately sold 150,000 shares of new 12 1/2% series B cumulative perpetual preferred stock at $1,000 each, raising $150.0M gross and paying $4.50M in placement commissions. Like the August 2005 series A preferred, it is not convertible into common stock, so it adds a second preferred class to the share structure. The filing does not say how the money will be used.