31 Oct 2013quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $121.6 million for the period ended 2013-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Oct 2013debt financing▲ Good
On October 28, 2013 the company signed a Fourth Amendment to its Wells Fargo credit agreement, raising lender commitments from $350 million to $400 million and the borrowing base from $350 million to $425 million. It also relaxes the maximum leverage ratio for an additional six months and lets the agent replace a lender who refuses to approve a borrowing base increase that two-thirds of commitments approved. This continues the series of amendments that began with the May 2013 increase to $350 million.
30 Oct 2013quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $121.6 million for the period ended 2013-09-30.
23 Oct 2013substantial holder notice● Neutral
Magnum Hunter Resources Corporation reported no remaining BAYTEX ENERGY USA, INC. shareholding in its periodic institutional filing.
1 Oct 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 4,135 shares as part of the equity award.
1 Oct 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 3,477 shares and a 3,477-share option grant as part of the equity award.
1 Oct 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 4,135 shares.
1 Oct 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 4,135 shares as part of the equity award.
1 Oct 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received 2,067 shares and a 2,067-share option grant as part of the equity award.
20 Sept 2013substantial holder notice● Neutral
SOROS FUND MANAGEMENT LLC, GEORGE SOROS, ROBERT SOROS disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (9.57% of votes).
11 Sept 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. 10%+ owner Magnum Hunter Resources Corp sold 9,308,648 shares at $5.05.
22 Aug 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP and Controller Joan C Sonnen bought 2,000 shares on the open market at $4.74.
13 Aug 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. President & CEO H Baird Whitehead bought 5,000 shares on the open market at $4.53.
8 Aug 2013quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $109.7 million and a net loss of $25.4 million for the period ended 2013-06-30.
7 Aug 2013quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $109.7 million and a net loss of $25.4 million for the period ended 2013-06-30.
6 Aug 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. 10%+ owner Magnum Hunter Resources Corp sold 271,782 shares.
2 Aug 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. 10%+ owner Magnum Hunter Resources Corp sold 284,971 shares.
23 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. 10%+ owner Magnum Hunter Resources Corp sold 134,599 shares.
2 July 2013securities registration● Neutral
The company filed the final prospectus for its offer to exchange $775 million of registered 8.500% Senior Notes due 2020 for its unregistered notes issued April 24, 2013. The offer was set to expire July 31, 2013 unless extended, and the company receives no cash proceeds.
1 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received 2,925 shares and a 2,925-share option grant as part of the equity award.
1 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 5,851 shares as part of the equity award.
1 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 4,920 shares and a 4,920-share option grant as part of the equity award.
1 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 5,851 shares.
1 July 2013director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 5,851 shares as part of the equity award.
20 June 2013business combination● Neutral
The company filed a registration statement offering to swap its $775 million of 8.500% senior notes due 2020 (issued privately April 24, 2013) for identical notes registered with the SEC. This fulfils the registration rights promised when the notes were issued; the company receives no cash and the notes' terms are substantially identical apart from the removal of transfer restrictions and extra-interest provisions. The text is truncated, so the exchange expiry date and results are not shown.
3 June 2013debt financing▲ Good
On May 30, 2013 the company signed a Third Amendment to its credit agreement with Wells Fargo as agent, raising total lender commitments from about $275 million to $350 million. It also updates the agreement for Dodd-Frank hedging rules and changes the form of promissory note. This builds on the credit facility set up in September 2012 and amended in April 2013.
9 May 2013quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.2 million for the period ended 2013-03-31.
8 May 2013quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.2 million for the period ended 2013-03-31.
7 May 2013securities registration● Neutral
BAYTEX ENERGY USA, INC. registered a securities offering with the SEC using its shelf eligibility.
6 May 2013director interest notice● Neutral
Magnum Hunter Resources Corp became a BAYTEX ENERGY USA, INC. 10%+ owner and company insider (initial ownership filing).