10 Feb 2021substantial holder notice● Neutral
The Vanguard Group reported a BAYTEX ENERGY USA, INC. shareholding of 1,189,469 shares (7.83% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
28 Jan 2021director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. Vice President and CFO Russell T Kelley Jr. had 343 shares withheld for taxes on vesting stock.
25 Jan 2021director interest notice● Neutral
Edward Geiser became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
25 Jan 2021director interest notice● Neutral
Juniper Capital III Gp, L.P. became a BAYTEX ENERGY USA, INC. 10%+ owner and company insider (initial ownership filing).
25 Jan 2021director interest notice● Neutral
Temitope Ogunyomi became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
25 Jan 2021substantial holder notice● Neutral
Juniper Capital II GP, L.P, Juniper Capital III GP, L.P, Juniper Capital Advisors, L.P, Edward Geiser disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (59.60% of votes).
25 Jan 2021director interest notice● Neutral
Kevin Cumming became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
25 Jan 2021director interest notice● Neutral
Tim W Gray became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
25 Jan 2021substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (15.60% of votes).
25 Jan 2021director interest notice● Neutral
Juniper Capital II Gp, L.P. became a BAYTEX ENERGY USA, INC. 10%+ owner and company insider (initial ownership filing).
25 Jan 2021director interest notice● Neutral
Joshua Schmidt became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
21 Jan 2021business combination● NeutralMajor
The Juniper deal announced in November 2020 closed on Jan 15, 2021. JSTX paid $150 million for 17,142,857 units and Rocky Creek contributed Texas oil and gas assets (consideration of $41,836,649.91 after adjustments) for 5,405,252 units; the company reorganized into an 'up-C' structure, and the board grew from four to nine members with Juniper naming five. Lenders amended the first-lien facility (borrowing base reaffirmed at $375 million, availability capped at $350 million, new 2.50x first lien leverage test) and the second-lien loan. Existing shareholders now share the company with Juniper, whose units become exchangeable for common stock after 180 days; this resolves the November 2020 agreement.
20 Jan 2021director interest notice● Neutral
BAYTEX ENERGY USA, INC. Vice President and Controller Tammy Hinkle had 775 shares withheld for taxes on vesting stock.
12 Jan 2021director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. Vice President-Development Julia Gwaltney received 24,200 shares as part of the equity award.
7 Jan 2021director interest notice● Neutral
Julia Gwaltney became a BAYTEX ENERGY USA, INC. Sr. Vice President-Development and company insider (initial ownership filing).
9 Nov 2020agm notice● Neutral
Management discussed third quarter 2020 results on an earnings call, including oil sales of 18,383 barrels per day, $8 million of capex and $34 million of free cash flow used to pay down debt. It also described the pending Juniper investment, expected to close in the first quarter of 2021.
6 Nov 2020quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $69.4 million and a net loss of $243.4 million for the period ended 2020-09-30.
6 Nov 2020quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $69.4 million and a net loss of $243.4 million for the period ended 2020-09-30.
6 Nov 2020agm notice● Neutral
Reported a third quarter 2020 net loss of $243.4 million, including a $236 million impairment, while generating $34 million of free cash flow. It also announced a deal in which Juniper Capital would invest $150 million cash and contribute $38.4 million of assets for 59% of the equity.
5 Nov 2020agm notice● Neutral
On November 2, 2020, the company signed agreements with Juniper affiliates: $150 million for 17,142,857 new partnership common units, and Rocky Creek's Lavaca and Fayette County, Texas assets for 4,959,000 units, about $38.4 million. Closing was subject to shareholder approval and other conditions.
5 Nov 2020debt financing● NeutralMajor
On Nov 2, 2020 Penn Virginia agreed with Juniper Capital affiliates to a deal in which Juniper's JSTX Holdings would put $150 million into a new partnership (PV Energy Holdings, L.P.) holding the company's operating subsidiary, for 17,142,857 units. A second Juniper affiliate, Rocky Creek Resources, would sell Lavaca and Fayette County, Texas oil and gas assets for 4,959,000 units valued at $7.74 each ($38,382,660). Both need shareholder approval and lender consents, can be terminated if not closed by May 2, 2021, and carry termination fees of $7.5 million and $1.92 million. This is a new thread that would give Juniper a large stake in the company, with units later exchangeable into common stock.
3 Nov 2020agm notice● Neutral
On November 3, 2020, the company announced a strategic transaction with Juniper Capital Advisors. Juniper affiliates would invest $150 million in cash plus adjacent Eagle Ford oil and gas assets worth about $38.4 million, in exchange for partnership units and preferred stock.
28 Oct 2020quarterly activities report▼ Bad
On October 27, 2020, Penn Virginia, now Baytex Energy USA, issued a press release giving an operational update, furnished with an 8-K. The filing text gave no quarterly financial results.
28 Aug 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO Darrin J. Henke received 57,500 shares as part of the equity award.
21 Aug 2020director interest notice● Neutral
Darrin J. Henke became a BAYTEX ENERGY USA, INC. President and CEO and company insider (initial ownership filing).
7 Aug 2020quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $45.5 million and a net loss of $94.7 million for the period ended 2020-06-30.
7 Aug 2020quarterly activities report▼ Bad
Penn Virginia, now Baytex Energy USA, reported its second quarter 2020 earnings on August 6, 2020, through a press release furnished with an 8-K.
10 June 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. insider Mangrove Partners Master Fund, LTD. sold 704,107 shares.
10 June 2020substantial holder notice● Neutral
Mangrove Partners Master Fund, Mangrove Partners and Nathaniel August reported selling shares on the open market in June 2020. They were left with 742,733 shares (4.9%) and ceased to be holders of more than 5%.
8 May 2020quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $91.4 million and net income of $163.1 million for the period ended 2020-03-31.