Past year: ▼ 46%(27.09 – 50.76 USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Sept 2021securities registration● Neutral
Bonanza Creek filed the final joint proxy statement/prospectus for its mergers with Extraction and Crestone Peak. Stockholders of both companies were to vote on October 29, 2021, and Bonanza Creek would be renamed Civitas Resources.
24 Sept 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso exercised stock options for 4,871 shares and disposed of 9,742 shares.
17 Sept 2021business combination● Neutral
Amendment No. 2 to the S-4 is an exhibit-only filing: it contains just the cover page, an explanatory note, Part II (including the standard director/officer indemnification disclosure covering the Extraction and Crestone Peak mergers), signatures and one exhibit. It carries no new deal terms or figures.
9 Sept 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP & Chief Financial Officer Brant Demuth sold 1,700 shares at $43.05.
9 Sept 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Paul Keglevic sold 10,223 shares at $42.78.
27 Aug 2021business combination● Neutral
Amendment No. 1 to the S-4 raised the registered Bonanza Creek shares to 31,432,993 and added 5,104,086 replacement warrants and 5,201,519 shares underlying them. The Extraction shares estimate rose by 111,274 to 26,337,804 at the unchanged 1.1711 ratio, dividend-equalization shares rose by 2,487 to up to 588,790, and an extra $19,662.76 fee was paid.
14 July 2021business combination● NeutralMajor
Bonanza Creek filed the registration statement (Form S-4) and joint proxy statement/prospectus for the Extraction merger, which also covers the simultaneous Crestone Peak acquisition. It registers up to 30,936,254 new shares for Extraction holders (1.1711 shares per Extraction share, plus about 0.008479 shares per Extraction share to equalize the $0.35 dividend paid June 30, 2021). Post-deal ownership is stated as about 50%/50% for the Extraction merger alone, or 37% Bonanza Creek / 37% Extraction / 26% Crestone Peak if both close. The name would change to Civitas Resources (CIVI) on the Extraction closing. The filing is not yet effective, and shareholder votes are still needed.
22 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Operations Dean Tinsley had 1,257 shares withheld for taxes on vesting stock.
22 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso had 839 shares withheld for taxes on vesting stock.
22 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP & Chief Financial Officer Brant Demuth had 1,411 shares withheld for taxes on vesting stock.
22 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. President and CEO Eric T. Greager had 4,100 shares withheld for taxes on vesting stock.
22 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP, General Counsel & Secy. IV Cyrus D Marter had 1,411 shares withheld for taxes on vesting stock.
11 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP & Chief Financial Officer Brant Demuth sold 5,825 shares.
8 June 2021business combination● NeutralMajor
The June 6, 2021 Crestone Peak merger agreement gives Crestone Peak's holder 22,500,000 new company shares. After both mergers, existing company holders would own 37%, Extraction holders 37% and Crestone Peak holders about 26%, so current shareholders would be diluted from the roughly 50% stake under the Extraction deal alone. The board would grow to nine, with one independent designee of Canada Pension Plan Investment Board. Closing needs company shareholder approval, antitrust clearance and the Extraction merger closing; the outside date is December 6, 2021, and a $37.5 million termination fee (reduced to $15 million if an Extraction-deal fee is also paid) applies in specified cases.
7 June 2021business combination● NeutralMajor
On June 6, 2021 the company signed a second merger agreement, to acquire Crestone Peak (CPPIB Crestone Peak Resources America Inc.) through a two-step merger into a company subsidiary, with Extraction a party for certain provisions. Closing is expressly conditioned on the Extraction merger closing. This filing only furnishes the press release and presentation (not visible in the truncated text), so the deal terms are in the companion filing.
4 June 2021agm notice● Neutral
CIVITAS RESOURCES, 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).
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Audrey Robertson received 3,574 shares as part of the equity award.
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Brian Steck received 4,467 shares as part of the equity award.
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Carrie L Hudak received 3,574 shares as part of the equity award.
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Jeff E Wojahn received 3,574 shares as part of the equity award.
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director Paul Keglevic received 3,574 shares as part of the equity award.
2 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. director James E Craddock received 3,574 shares as part of the equity award.
1 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. President and CEO Eric T. Greager received 12,857 shares as part of the equity award.
1 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP, General Counsel & Secy. IV Cyrus D Marter received 8,571 shares as part of the equity award.
1 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso received 6,000 shares as part of the equity award.
1 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Operations Dean Tinsley received 7,714 shares as part of the equity award.
1 June 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP & Chief Financial Officer Brant Demuth received 6,000 shares as part of the equity award.
21 May 2021material agreement▲ Good
On May 19, 2021 the lenders under the December 2018 JPMorgan-led credit facility consented, subject to certain limitations, to the Extraction merger. They also agreed to push the May 1, 2021 borrowing base review back to July 1, 2021. This clears one lender hurdle for the merger, but the filing gives no new borrowing base figure.
18 May 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. EVP, General Counsel & Secy. IV Cyrus D Marter had 930 shares withheld for taxes on vesting stock.
18 May 2021director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso had 399 shares withheld for taxes on vesting stock.
