10 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 150,000 shares at $32.54.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
9 June 2021substantial holder notice● Neutral
AF V Energy IV AIV, AEOF ECR AIV A-B, L.P, AEOF ECR AIV C, L.P, AF Energy Feeder, L.P, ACOF Investment Management LLC, SSF IV Energy I AIV, ASSF Operating Manager IV, L.P, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC reported a California Resources Corp shareholding of 16,334,587 shares (19.60% of votes) in a periodic institutional filing.
9 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 100,000 shares at $32.95.
9 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 100,000 shares at $32.95.
8 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC acquired 138,000 shares and disposed of 13,000 in a set of related equity transactions.
8 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC acquired 138,000 shares and disposed of 13,000 in a set of related equity transactions.
8 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 429,976 shares.
7 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 226,261 shares at $29.57.
7 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 226,261 shares at $29.57.
3 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 400,000 shares.
3 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 400,000 shares.
3 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 389,661 shares.
1 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 239,000 shares.
1 June 2021director interest notice● Neutral
California Resources Corp 10%+ owner Ares Management LLC sold 239,000 shares.
28 May 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 298,772 shares.
27 May 2021substantial holder notice● Neutral
GoldenTree Asset Management LP, GoldenTree Asset Management LLC, Steven A. Tananbaum, GoldenTree Distressed Master Fund III LTD reported a California Resources Corp shareholding of 17,638,967 shares (21.10% of votes) in a periodic institutional filing.
25 May 2021substantial holder notice● Neutral
AF V Energy IV AIV, AEOF ECR AIV A-B, L.P, AEOF ECR AIV C, L.P, AF Energy Feeder, L.P, ACOF Investment Management LLC, SSF IV Energy I AIV, ASSF Operating Manager IV, L.P, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC reported a California Resources Corp shareholding of 17,324,848 shares (20.80% of votes) in a periodic institutional filing.
25 May 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 579,723 shares.
21 May 2021substantial holder notice● Neutral
GoldenTree Asset Management LP, GoldenTree Asset Management LLC, Steven A. Tananbaum, GoldenTree Distressed Master Fund III LTD reported a California Resources Corp shareholding of 18,748,921 shares (22.40% of votes) in a periodic institutional filing.
20 May 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 1,101,488 shares.
17 May 2021director interest notice● Neutral
California Resources Corp 10%+ owner Goldentree Asset Management LP sold 20,000 shares at $25.43.
17 May 2021director interest notice● Neutral
California Resources Corp director Douglas E Brooks bought 3,000 shares on the open market at $24.47.
17 May 2021director interest notice● Neutral
California Resources Corp director Tiffany Thom Cepak bought 10,000 shares on the open market at $24.45.
14 May 2021director interest notice● Neutral
California Resources Corp director Andrew B. Bremner received 8,127 shares as part of the equity award.
14 May 2021director interest notice● Neutral
California Resources Corp EVP & Chief Commercial Officer Jay A. Bys received 61,309 shares and a 61,309-share option grant as part of the equity award.
13 May 2021director interest notice● Neutral
Andrew B. Bremner became a California Resources Corp director and company insider (initial ownership filing).
13 May 2021director interest notice● Neutral
Jay A. Bys became a California Resources Corp EVP & Chief Commercial Officer and company insider (initial ownership filing).
13 May 2021quarterly activities report▼ Bad
California Resources Corp reported quarterly revenue of $363.0 million and a net loss of $94.0 million for the period ended 2021-03-31.
11 May 2021material agreement▲ GoodMajor
On May 7, 2021, CRC amended its Citibank credit agreement to increase its capacity for dividends and share buybacks. It cut the required minimum oil hedging from 50% to 33% while leverage stays below 2.0x, and set the borrowing base at $1.2 billion.
19 Apr 2021substantial holder notice● Neutral
JB Investors, LLC, Solar Projects LLC, Solar Trust No, Comeg Trust LLC, Comeg Trust, Daniel Scott Gimbel reported a California Resources Corp shareholding of 7,554,440 shares (9.07% of votes) in a periodic institutional filing.