20 Nov 2020director interest notice● Neutral
Paula D Polito became a Chord Energy Corp director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Nov 2020listing compliance notice▲ GoodMajor
the exchange certified Chord Energy Corp's securities for listing, clearing them to begin trading.
20 Nov 2020director interest notice● Neutral
Robert Joseph Mcnally became a Chord Energy Corp director and company insider (initial ownership filing).
20 Nov 2020director interest notice● Neutral
Chord Energy Corp CEO Thomas B Nusz acquired 50,302 shares and disposed of 835,282 in a set of related equity transactions.
20 Nov 2020director interest notice● Neutral
John E Hagale became a Chord Energy Corp director and company insider (initial ownership filing).
20 Nov 2020director interest notice● Neutral
William J. Cassidy became a Chord Energy Corp director and company insider (initial ownership filing).
20 Nov 2020director interest notice● Neutral
Douglas E Brooks became a Chord Energy Corp director and company insider (initial ownership filing).
16 Nov 2020director interest notice● Neutral
Chord Energy Corp Executive VP and CFO Michael H Lou had 64,415 shares withheld for taxes on vesting stock.
16 Nov 2020director interest notice● Neutral
Chord Energy Corp Chairman and CEO Thomas B Nusz had 142,183 shares withheld for taxes on vesting stock.
16 Nov 2020director interest notice● Neutral
Chord Energy Corp President and COO Taylor L Reid had 85,586 shares withheld for taxes on vesting stock.
16 Nov 2020director interest notice● Neutral
Chord Energy Corp Executive VP, GC & Corp. Sec. Nickolas J Lorentzatos had 42,534 shares withheld for taxes on vesting stock.
13 Nov 2020bankruptcy or receivership▼ BadMajor
On Nov 10, 2020 the bankruptcy court confirmed Oasis's prepackaged Chapter 11 plan; the company targeted taking effect within about 30 days. On the effective date all existing funded debt is discharged and the existing common stock (320,920,039 shares outstanding as of Nov 10, 2020) is cancelled. Noteholders receive the new common stock and old shareholders receive only a share of new warrants. Exit financing is a reserve-based revolver of up to $1.5 billion, with an initial borrowing base of $575 million. This resolves the bankruptcy thread opened Sept 30, 2020, although the plan was not yet effective.
5 Nov 2020quarterly activities report▼ Bad
Chord Energy Corp reported quarterly revenue of $271.1 million and a net loss of $55.7 million for the period ended 2020-09-30.
27 Oct 2020listing compliance notice● NeutralMajor
Chord Energy Corp's exchange filed to remove a class of its securities from listing.
13 Oct 2020substantial holder notice● Neutral
The Vanguard Group reported a Chord Energy Corp shareholding of 11,857,896 shares (3.69% of votes) in a periodic institutional filing.
8 Oct 2020debt financing● NeutralMajor
Oasis Petroleum arranged debtor-in-possession financing with Wells Fargo to keep operating while it worked through its Chapter 11 bankruptcy case.
8 Oct 2020director interest notice● Neutral
Chord Energy Corp director Paula D Polito sold 32,330 shares at $0.17.
7 Oct 2020director interest notice● Neutral
Chord Energy Corp director John E Hagale sold 120,480 shares at $0.17.
6 Oct 2020director interest notice● Neutral
Chord Energy Corp Chairman and CEO Thomas B Nusz acquired 5,700 shares and disposed of 1,053,449 in a set of related equity transactions.
6 Oct 2020substantial holder notice● Neutral
EnCap's funds sold 18,514,603 Oasis (now Chord) shares on the open market between October 1 and 5, 2020. That left them with 9,553,927 shares (2.98%), below the 5% reporting threshold, and the filing was their final exit amendment.
2 Oct 2020director interest notice● Neutral
Chord Energy Corp director Bobby S Shackouls sold 106,670 shares.
2 Oct 2020listing compliance notice▼ BadMajor
Oasis Petroleum and its affiliates filed for Chapter 11 bankruptcy protection on September 30, 2020, triggering the delisting of its stock.
2 Oct 2020director interest notice● Neutral
Chord Energy Corp Executive VP, GC & Corp. Sec. Nickolas J Lorentzatos sold 271,073 shares at $0.23.
2 Oct 2020director interest notice● Neutral
Chord Energy Corp director William J. Cassidy sold 114,370 shares at $0.22.
2 Oct 2020director interest notice● Neutral
Chord Energy Corp President and COO Taylor L Reid sold 1,605,853 shares.
2 Oct 2020director interest notice● Neutral
Chord Energy Corp Executive VP and CFO Michael H Lou sold 383,111 shares at $0.22.
30 Sept 2020bankruptcy or receivership▼ BadMajor
Oasis Petroleum signed a restructuring support agreement with its bank lenders and some noteholders on Sept 29, 2020, ahead of a prepackaged Chapter 11 filing due by Sept 30, 2020. Under the plan, noteholders get 100% of the new common stock (subject to dilution from management incentive shares and warrants), while existing shareholders get only a pro rata share of new warrants. A $450 million debtor-in-possession loan was committed and the plan was to take effect by Dec 20, 2020. This follows the Nasdaq notice and the hedge unwind and is the filing that begins the bankruptcy.
21 Sept 2020debt financing▼ BadMajor
Oasis Petroleum and its lenders agreed to unwind the company's hedging positions, a step taken in the run-up to its Chapter 11 filing.
10 Aug 2020listing compliance notice▼ BadMajor
Nasdaq notified Oasis Petroleum that its stock no longer met listing requirements, another marker of the distress that preceded its bankruptcy filing weeks later.
5 Aug 2020quarterly activities report▼ Bad
Chord Energy Corp reported quarterly revenue of $166.4 million and a net loss of $92.9 million for the period ended 2020-06-30.