Past year: ▼ 14%(1.00 – 5.52 USD)
Each one in plain English, with the numbers worked through for a shareholder.
14 Aug 2024agm notice● Neutral
Battalion reported second quarter 2024 results, with revenue of $49.1 million and production of 12,857 Boe/d. It also said Fury Resources had asked to cut the merger price from $9.80 to $7.00 per share, conditional on preferred holders rolling over their equity.
14 Aug 2024quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $49.1 million and a net loss of $105 thousand for the period ended 2024-06-30.
20 June 2024substantial holder notice● Neutral
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 6,419,006 shares (31.30% of votes) in a periodic institutional filing.
20 June 2024substantial holder notice● Neutral
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 16,661,693 shares (61.80% of votes) in a periodic institutional filing.
11 June 2024agm notice● Neutral
Battalion agreed a Fifth Amendment to its merger agreement with Fury Resources, extending the termination date from June 12 to September 12, 2024. Fury had still not delivered all the required equity financing documents, and the board chose not to terminate the deal yet.
11 June 2024business combination▼ BadMajor
Rather than terminate after two missed financing deadlines, Battalion's board (on its special committee's recommendation) again extended Fury's runway, pushing the merger's outside date from June 12 to September 12, 2024 to give Fury more time to complete its equity financing.
4 June 2024director interest notice● Neutral
Charles E Martin became a BATTALION OIL CORP VP, Controller and company insider (initial ownership filing).
16 May 2024director interest notice● Neutral
BATTALION OIL CORP insider Brookfield Oaktree Holdings, LLC received a stock option grant for 6,376 shares.
15 May 2024director interest notice● Neutral
BATTALION OIL CORP insider Luminus Management LLC received a stock option grant for 9,835 shares.
15 May 2024director interest notice● Neutral
BATTALION OIL CORP insider Gen IV Investment Opportunities, LLC received a stock option grant for 3,789 shares.
15 May 2024substantial holder notice● Neutral
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 16,661,693 shares (50.30% of votes) in a periodic institutional filing.
15 May 2024substantial holder notice● Neutral
OCM HLCN Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, Brookfield OCM Holdings II, LLC, Brookfield OCM Holdings, LLC, Brookfield Oaktree Holdings, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a BATTALION OIL CORP shareholding of 10,065,897 shares (44.67% of votes) in a periodic institutional filing.
15 May 2024agm notice● Neutral
Battalion reported first quarter 2024 results: revenue of $49.9 million on 12,989 Boe/d, and a net loss to common stockholders of $36.8 million. It raised $19.5 million of preferred equity on May 13 and used $17.3 million to cut debt to $172.7 million.
15 May 2024substantial holder notice● Neutral
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 6,419,006 shares (28.10% of votes) in a periodic institutional filing.
15 May 2024director interest notice● Neutral
BATTALION OIL CORP insider Brookfield Oaktree Holdings, LLC received a stock option grant for 6,376 shares.
15 May 2024quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $49.9 million and a net loss of $31.2 million for the period ended 2024-03-31.
15 May 2024quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $49.9 million and a net loss of $31.2 million for the period ended 2024-03-31.
14 May 2024capital raising announcement▼ BadMajor
The insider group bought yet another $19.5 million of new Series A-4 Preferred Stock on the same terms, the fourth such round in eight months, underscoring how dependent Battalion had become on its three largest shareholders for liquidity while the Fury Resources take-private talks dragged on.
14 May 2024agm notice● Neutral
On May 13, 2024, Battalion sold 20,000 shares of Series A-4 Redeemable Convertible Preferred Stock in a private placement for about $19.5 million, mainly to its three largest shareholders. The shares pay a 14.5% dividend and convert at $6.42, with proceeds going to general corporate purposes including debt payments.
3 May 2024business combination● NeutralMajor
A week after missing its financing deadline, Fury had still not fully documented its financing but had lined up $160 million in equity-financing commitments (with $10 million already drawn into escrow) - real progress, though still short of what the merger agreement required.
3 May 2024agm notice● Neutral
Battalion said Fury Resources had still not delivered all financing documents as of May 3, 2024, though it had provided subscription agreements for $160 million of the $200 million needed. The board chose not to terminate the merger agreement at that time and gave Fury more time.
29 Apr 2024business combination▼ BadMajor
Fury missed its financing deadline again, failing to deliver binding equity-financing agreements by April 26, 2024 as required - a second real default giving Battalion another contractual right to terminate the merger.
29 Apr 2024agm notice● Neutral
Battalion said Fury Resources missed the April 26, 2024 deadline to deliver binding equity financing documents, which gave Battalion the right to terminate the merger agreement. The company had not terminated and was weighing its options, including changing the terms.
17 Apr 2024agm notice● Neutral
Battalion Oil signed a Fourth Amendment to its merger agreement with Fury Resources after Fury missed the April 10 funding deadline. The amendment required Fury to deliver qualifying financing documents by April 26, 2024, and raised the Closing Failure Fee and the guarantee from chairman Abraham Mirman.
17 Apr 2024business combination▼ BadMajor
Battalion and Fury signed a fourth amendment that loosened the financing requirements and extended the funding deadline, while raising the Closing Failure Fee from the initial deposit plus $15 million to plus $20 million if Fury delivers qualifying financing documents. Fury had to deliver them by April 26, 2024 or Battalion could terminate.
11 Apr 2024business combination▼ BadMajor
Fury told Battalion on April 10, 2024 that it could not deliver Evidence of Funding of at least $200 million by that day's deadline, giving Battalion the right to terminate the merger agreement. Battalion had not terminated and was weighing its options, including changed terms.
11 Apr 2024agm notice● Neutral
Fury Resources told Battalion on April 10, 2024 that it could not deliver evidence of $200 million in funding by the deadline, giving Battalion the right to terminate the merger agreement. Battalion had not terminated and was weighing its options, including changed terms.
8 Apr 2024business combination● Neutral
Battalion, Fury, Luminus, Oaktree and others filed Amendment No. 2 to the Schedule 13E-3 alongside a revised preliminary proxy statement for the Fury merger. The merger would pay $9.80 per share in cash and take Battalion private.
1 Apr 2024quarterly activities report▼ Bad
Battalion reported fourth quarter 2023 revenue of $47.2 million and net income to common stockholders of $27.0 million, or an adjusted net loss of $16.6 million. Adjusted EBITDA was $10.0 million, down from $22.7 million a year earlier.
1 Apr 2024agm notice● Neutral
Battalion reported fourth quarter 2023 results: revenue of $47.2 million, production of 12,022 Boe/d and net income to common of $27.0 million. It also said it was working toward closing the Fury Resources merger.
