8 June 2018agm 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).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 June 2018debt financing● Neutral
On May 31, 2018 the company and its KeyBank-led lenders agreed to keep the existing borrowing base unchanged at $191,666,666.66 (the company asked for this, citing its liquidity and a wish to avoid unnecessary fees) and loosened the asset-sale rules so it can do asset swaps. The company says it will look at its longer-term financing needs later in the year, which is picked up by the December 2018 refinancing.
30 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP Land Ramon Moore disposed of 5,346 shares via option/appreciation-right settlement.
18 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso received 4,137 shares as part of the equity award.
18 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Finance & Planning Scott A Fenoglio received 6,205 shares as part of the equity award.
18 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. President and CEO Eric T. Greager received 15,016 shares as part of the equity award.
18 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, General Counsel & Secy. IV Cyrus D Marter received 9,651 shares as part of the equity award.
18 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Operations Dean Tinsley received 8,273 shares as part of the equity award.
17 May 2018substantial holder notice● Neutral
The Mangrove Partners Master Fund, Ltd, Mangrove Partners, Nathaniel August reported a CIVITAS RESOURCES, INC. shareholding of 1,193,900 shares (5.80% of votes) in a periodic institutional filing.
1 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, General Counsel & Secy. IV Cyrus D Marter disposed of 2,356 shares via option/appreciation-right settlement.
1 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP Land Ramon Moore disposed of 2,356 shares via option/appreciation-right settlement.
1 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Operations Dean Tinsley disposed of 736 shares via option/appreciation-right settlement.
1 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. SVP, Finance & Planning Scott A Fenoglio disposed of 2,356 shares via option/appreciation-right settlement.
1 May 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. Vice President and CAO Sandra Garbiso disposed of 471 shares via option/appreciation-right settlement.
12 Apr 2018director interest notice● Neutral
CIVITAS RESOURCES, INC. President and CEO Eric T. Greager received 147,275 shares as part of the equity award.
11 Apr 2018director interest notice● Neutral
Eric T. Greager became a CIVITAS RESOURCES, INC. President and CEO and company insider (initial ownership filing).
26 Feb 2018substantial holder notice● Neutral
Integrated Assets, Ltd, Millennium International Management LP, Millennium Management LLC, Millennium Group Management LLC, Israel A. Englander disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (5.70% of votes).
14 Feb 2018substantial holder notice● Neutral
Whitebox Advisors LLC, Whitebox General Partner LLC reported a CIVITAS RESOURCES, INC. shareholding of 1,725,717 shares (8.40% of votes) in a periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Barclays PLC, Barclays Capital Inc., Barclays Bank PLC reported a CIVITAS RESOURCES, INC. shareholding of 184,619 shares (0.90% of votes) in a periodic institutional filing.
14 Feb 2018substantial holder notice● Neutral
Par-Four Investment Management, LLC, Robert B. Burke, Sunrise Partners Limited Partnership, Paloma International, L.P, Paloma Partners Management Company, Paloma Partners Advisors LP, Paloma Partners Advisors, Inc, Gregory Hayt, S. Donald Sussman reported no remaining CIVITAS RESOURCES, INC. shareholding in its periodic institutional filing.
12 Feb 2018substantial holder notice● Neutral
Apollo Energy Opportunity Fund LP, Apollo Energy Opportunity Management LLC, Apollo Capital Management, L.P, Apollo Capital Management GP, LLC, Apollo Management Holdings, L.P, Apollo Management Holdings GP, LLC reported a CIVITAS RESOURCES, INC. shareholding of 1,065,480 shares (5.20% of votes) in a periodic institutional filing.
9 Feb 2018substantial holder notice● Neutral
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a CIVITAS RESOURCES, INC. shareholding of 1,123,333 shares (5.49% of votes) in a periodic institutional filing.
8 Feb 2018substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial CIVITAS RESOURCES, INC. shareholding (7.00% of votes).
28 Dec 2017business combination▼ BadMajor
On December 28, 2017 Bonanza Creek and SandRidge mutually terminated the November merger agreement, so the $36.00-per-share deal will not happen. The press release says SandRidge's board concluded, after consulting its largest shareholders, that it would not win approval at its special meeting. They released each other from claims, including break fees, and SandRidge will reimburse Bonanza up to $3,730,888 of expenses. The company says it will continue as an independent company and plans a 2018 capital program and guidance update in January.
29 Nov 2017substantial holder notice● Neutral
The Mangrove Partners Master Fund, Ltd, The Mangrove Partners Fund, L.P, Mangrove Partners, Mangrove Capital, Nathaniel August reported a CIVITAS RESOURCES, INC. shareholding of 1,815,987 shares (8.90% of votes) in a periodic institutional filing.
17 Nov 2017director interest notice● Neutral
CIVITAS RESOURCES, INC. 10%+ owner Whitebox Advisors LLC sold 500,000 shares.
15 Nov 2017business combination● Neutral
A companion filing announcing the SandRidge merger by joint news release on November 15, 2017, which the press release values at $36.00 per Bonanza share ($19.20 cash plus $16.80 of SandRidge stock, subject to a collar). It adds no new terms beyond the merger agreement filing, mainly forward-looking-statement and proxy boilerplate.
15 Nov 2017business combination▲ GoodMajor
On November 14, 2017 the company agreed to be acquired by SandRidge Energy: each Bonanza share would get $19.20 in cash plus SandRidge shares worth $16.80 (exchange ratio between 0.7858 and 0.9600, depending on SandRidge's share price). It needs approval from both companies' shareholders, an effective SandRidge registration statement, NYSE listing and HSR clearance. Either side can end it if not closed by May 14, 2018 (extendable to July 14, 2018); the termination fee is $26,116,219 and expense reimbursement up to $3,730,888. This is a new sale of the company, following the April 2017 emergence plan.
13 Nov 2017director interest notice● Neutral
Dean Tinsley became a CIVITAS RESOURCES, INC. SVP, Operations and company insider (initial ownership filing).
13 Nov 2017director interest notice● Neutral
Sandra Garbiso became a CIVITAS RESOURCES, INC. Vice President and CAO and company insider (initial ownership filing).