8 May 2020agm notice● Neutral
BAYTEX ENERGY USA, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 May 2020quarterly activities report● Neutral
The company reported its first quarter 2020 earnings on May 7, 2020. The figures were in an attached press release, not in this filing text.
8 May 2020securities registration● Neutral
BAYTEX ENERGY USA, INC. registered a securities offering with the SEC using its shelf eligibility.
6 May 2020debt financing▼ BadMajor
On April 30, 2020 Penn Virginia agreed to Amendment No. 7 to its credit agreement, cutting the borrowing base from $500 million to $400 million and then $375 million effective July 1, 2020, and capping availability at $350 million from October 1, 2020 until the Fall 2021 redetermination. Margins rise by 100 basis points, the maximum leverage ratio drops from 4.00 to 3.50 times, cash above $25 million must be used weekly to repay loans, and dividends and buybacks are further limited until the Spring 2021 redetermination. This reverses the May 2019 loosening of the facility; the filing also references an operational update press release but its contents are not given.
7 Apr 2020agm notice● Neutral
The company gave notice of its virtual annual meeting on May 4, 2020. Shareholders were asked to elect five directors, hold an advisory vote on executive pay, and ratify Grant Thornton as auditor.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Victor Frank Pottow received 5,150 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Tiffany Thom Cepak received 5,150 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Darin G Holderness received 5,150 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Jeff E Wojahn received 5,150 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Jerry R Schuyler received 5,150 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP-Operations & Engineering Benjamin Mathis received 15,891 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP and Controller Tammy Hinkle received 7,800 shares as part of the equity award.
20 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP, CFO and Treasurer Russell T Kelley Jr. received 35,766 shares as part of the equity award.
16 Mar 2020substantial holder notice● Neutral
Ari Zweiman disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (6.40% of votes).
5 Mar 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO John A Brooks bought 1,000 shares on the open market.
20 Feb 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO John A Brooks had 3,700 shares withheld for taxes on vesting stock.
14 Feb 2020substantial holder notice● Neutral
Silver Point Capital, L.P, Edward A. Mul&#, Robert J. O'Shea disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (6.90% of votes).
14 Feb 2020substantial holder notice● Neutral
Westwood Management Corp disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (5.01% of votes).
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a BAYTEX ENERGY USA, INC. shareholding of 973,777 shares (6.43% of votes) in a periodic institutional filing.
12 Feb 2020substantial holder notice● Neutral
Contrarian Capital Management, L.L.C reported a BAYTEX ENERGY USA, INC. shareholding of 285,088 shares (1.90% of votes) in a periodic institutional filing.
11 Feb 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. 10%+ owner Strategic Value Partners, LLC sold 100,617 shares.
4 Feb 2020substantial holder notice● Neutral
BlackRock, Inc reported a BAYTEX ENERGY USA, INC. shareholding of 2,136,066 shares (14.10% of votes) in a periodic institutional filing.
28 Jan 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO John A Brooks had 3,706 shares withheld for taxes on vesting stock.
28 Jan 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP, CFO and Treasurer Russell T Kelley Jr. had 459 shares withheld for taxes on vesting stock.
28 Jan 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP & Controller Tammy Hinkle had 440 shares withheld for taxes on vesting stock.
28 Jan 2020director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP-Operations and Engineering Benjamin Mathis had 1,649 shares withheld for taxes on vesting stock.
20 Dec 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP, CFO and Treasurer Russell T Kelley Jr. received 3,468 shares as part of the equity award.
18 Nov 2019director interest notice● Neutral
Russell T Kelley Jr. became a BAYTEX ENERGY USA, INC. SVP, CFO and Treasurer and company insider (initial ownership filing).
18 Nov 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO John A Brooks had 3,334 shares withheld for taxes on vesting stock.
18 Nov 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO John A Brooks bought 1,000 shares on the open market.