8 Nov 2019quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $119.3 million for the period ended 2019-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
7 Nov 2019quarterly activities report● Neutral
Penn Virginia announced on November 7, 2019 that it had reported third quarter 2019 earnings, with the details in a press release furnished as an exhibit to the 8-K.
16 Sept 2019director interest notice● Neutral
Steven A. Hartman became a BAYTEX ENERGY USA, INC. SVP & CFO and company insider (initial ownership filing).
13 Sept 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP & CFO Steven A. Hartman disposed of 27,162 shares via option/appreciation-right settlement.
5 Sept 2019director interest notice● Neutral
Tiffany Thom Cepak became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
5 Sept 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Tiffany Thom Cepak received 1,194 shares as part of the equity award.
5 Sept 2019director interest notice● Neutral
Jeff E Wojahn became a BAYTEX ENERGY USA, INC. director and company insider (initial ownership filing).
5 Sept 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Jeff E Wojahn received 1,194 shares as part of the equity award.
23 Aug 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP and CFO Steven A. Hartman sold 12,925 shares at $32.58.
8 Aug 2019quarterly activities report● Neutral
Penn Virginia announced on August 7, 2019 that it had reported second quarter 2019 earnings, with the details in a press release furnished as an exhibit to the 8-K.
8 Aug 2019quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $122.8 million for the period ended 2019-06-30.
10 May 2019quarterly activities report● Neutral
BAYTEX ENERGY USA, INC. reported quarterly revenue of $105.2 million for the period ended 2019-03-31.
10 May 2019quarterly activities report● Neutral
Penn Virginia announced on May 9, 2019 that it had reported first quarter 2019 earnings, with the details in a press release furnished as an exhibit to the 8-K.
8 May 2019debt financing▲ GoodMajor
On May 7, 2019 Penn Virginia amended its Wells Fargo credit agreement (Amendment No. 6): lender commitments rose from $500 million to $1.0 billion, the borrowing base from $450 million to $500 million, margins were lowered, and the maturity was extended to May 7, 2024 (or June 30, 2022 if the second lien term loans are not extended or repaid by then). The interest coverage test was removed and a maximum leverage ratio of 4.00 to 1.00 was set. This continues the credit facility first set in Sept 2016, now much larger than the $200 million borrowing base of 2017.
16 Apr 2019substantial holder notice● Neutral
Strategic Value Partners and affiliates reported holding 1,540,634 Penn Virginia shares (10.2%). The filing disclosed that SVP's David Geenberg resigned as director and co-Chairman on April 15, and that the Voting and Support Agreement with the company was terminated.
5 Apr 2019substantial holder notice● Neutral
Contrarian Capital Management, L.L.C disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (5.20% of votes).
28 Mar 2019substantial holder notice● Neutral
Mangrove Partners Master Fund, Ltd, Mangrove Partners, Nathaniel August reported a BAYTEX ENERGY USA, INC. shareholding of 1,615,497 shares (10.70% of votes) in a periodic institutional filing.
22 Mar 2019business combination● NeutralMajor
Penn Virginia and Denbury mutually agreed on March 21, 2019 to terminate their October 2018 merger agreement, so the April 17, 2019 shareholder meeting will not take place and neither side pays the other anything. Penn Virginia says it will continue as a standalone company with a two-rig development plan it expects to fund from cash flow; this ends the Denbury deal thread, and shareholders keep their Penn Virginia shares.
6 Mar 2019agm 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).
4 Mar 2019business combination● NeutralMajor
Penn Virginia filed the definitive joint proxy statement for the Denbury merger, setting special shareholder meetings for both companies on April 17, 2019 (record date Feb 19, 2019). Penn Virginia's board unanimously recommends voting for the merger, which needs more than two-thirds of its outstanding shares; abstentions and non-votes count as votes against. This continues the October 2018 merger agreement.
27 Feb 2019agm notice● Neutral
Reported 2018 results: proved reserves rose 69% to about 123 MMBOE, production grew 110%, and full-year net income was $224.8 million. It noted the pending Denbury merger, with a shareholder special meeting expected in April 2019.
14 Feb 2019substantial holder notice● Neutral
Encompass Capital Advisors LLC, Encompass Capital Partners LLC, Todd J. Kantor reported a BAYTEX ENERGY USA, INC. shareholding of 250,000 shares (1.70% of votes) in a periodic institutional filing.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial BAYTEX ENERGY USA, INC. shareholding (5.37% of votes).
31 Jan 2019substantial holder notice● Neutral
BlackRock, Inc reported a BAYTEX ENERGY USA, INC. shareholding of 1,956,108 shares (13.00% of votes) in a periodic institutional filing.
29 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. SVP & CFO Steven A. Hartman had 297 shares withheld for taxes on vesting stock.
29 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. officer John A Brooks had 3,334 shares withheld for taxes on vesting stock.
29 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP & Controller Tammy Hinkle had 427 shares withheld for taxes on vesting stock.
29 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. officer Benjamin Mathis had 1,037 shares withheld for taxes on vesting stock.
3 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. insider Mangrove Partners Master Fund, LTD. bought 30,000 shares on the open market at $55.40.
2 Jan 2019director interest notice● Neutral
BAYTEX ENERGY USA, INC. insider Mangrove Partners Master Fund, LTD. bought 52,500 shares on the open market at $57.75.