26 Dec 2018securities registration● Neutral
EXPAND ENERGY Corp filed the final prospectus for a registered offering.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp CEO Robert D. Lawler bought 100,000 shares on the open market at $1.86.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director Archie W Dunham bought 1,200,000 shares on the open market at $2.22.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director Archie W Dunham bought 1,200,000 shares on the open market at $2.02.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Exploration & Production Frank J. Patterson bought 80,000 shares on the open market at $1.93.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp Exec. Vice President & CFO Domenic J Dell'osso Jr. bought 50,000 shares on the open market at $1.88.
19 Dec 2018business combination● Neutral
Chesapeake filed Amendment No. 1 to its S-4 for the WildHorse merger. It set record dates of 24 December 2018 for Chesapeake shareholders and 11 January 2019 for WildHorse stockholders, with both special meetings on 31 January 2019.
18 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director R Brad Martin bought 25,000 shares on the open market at $2.35.
17 Dec 2018listing compliance notice● NeutralMajor
EXPAND ENERGY Corp's exchange filed to remove a class of its securities from listing.
13 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director R Brad Martin bought 110,000 shares on the open market.
5 Dec 2018business combination● NeutralMajor
Registration statement and joint proxy for Chesapeake's purchase of WildHorse Resource Development, its move into the Eagle Ford. WildHorse holders elect either 5.336 Chesapeake shares plus $3.00 cash or 5.989 shares outright, worth about $22.85 and $22.28 respectively when the deal was signed on October 29, 2018; Goldman Sachs advised Chesapeake, and Chesapeake owes a $120 million reverse break fee if it is the side that fails to close.
5 Nov 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Gen'l Counsel & Corp. Sec. James R Webb bought 50,000 shares on the open market at $3.54.
30 Oct 2018business combination● NeutralMajor
Chesapeake agreed to acquire WildHorse Resource Development, an Eagle Ford/Austin Chalk operator in Texas, in a stock-and-cash deal - a bet on adding oil-weighted growth using proceeds from its recent Utica sale, even as it takes on more shares and debt.
30 Oct 2018quarterly activities report▼ Bad
Chesapeake reported third-quarter 2018 revenues of $2,418 million and net income of $85 million ($84 million attributable to Chesapeake) for the quarter ended September 30, 2018.
30 Oct 2018business combination▲ GoodMajor
Chesapeake reported third-quarter 2018 results on October 30 and disclosed its October 29 agreement to acquire WildHorse Resource Development in a deal valued at over $3.977 billion. Chesapeake shareholders were to own about 55% of the combined company.
29 Oct 2018asset acquisition disposition▲ GoodMajor
The Utica Shale sale to Encino closed for about $1.868 billion in net cash, completing the divestment Chesapeake announced in July and freeing up proceeds to pay down debt.
2 Oct 2018director interest notice● Neutral
EXPAND ENERGY Corp SVP & Chief Accounting Officer William M Buergler had 1,306 shares withheld for taxes on vesting stock.
27 Sept 2018debt financing● NeutralMajor
Chesapeake raised $1.25 billion in a public offering of new 7.00% notes due 2024 and 7.50% notes due 2026, continuing to refinance its debt load even as it kept a high-yield profile.
26 Sept 2018securities registration● Neutral
EXPAND ENERGY Corp filed a free-writing prospectus - marketing material for an offering in progress.
12 Sept 2018debt financing▲ GoodMajor
Chesapeake replaced its December 2014 credit agreement with a new $3.0 billion facility, expandable to $4.0 billion and maturing September 12, 2023. The agreement required proceeds from the pending Utica sale to be applied first to its term loan.
21 Aug 2018director interest notice● Neutral
EXPAND ENERGY Corp director Mark A Edmunds received 21,772 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
Mark A Edmunds became a EXPAND ENERGY Corp director and company insider (initial ownership filing).
15 Aug 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP - Operations M. Jason Pigott had 19,631 shares withheld for taxes on vesting stock.
1 Aug 2018quarterly activities report▼ Bad
Chesapeake filed an 8-K saying it issued a press release on August 1, 2018 reporting second-quarter 2018 results, and that a results presentation was available on its website. The filing itself gave no financial figures.
1 Aug 2018quarterly activities report▼ Bad
Chesapeake reported second-quarter 2018 revenues of $2,255 million and a net loss of $16 million ($17 million attributable to Chesapeake) for the quarter ended June 30, 2018.
26 July 2018material agreement▲ GoodMajor
Chesapeake agreed to sell its Ohio Utica Shale acreage - about 320,000 net acres and roughly 750 wells - to Encino Acquisition Partners for approximately $1.9 billion, part of a shift away from gas-heavy Utica toward its oil-focused Powder River Basin and Eagle Ford positions.
2 July 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Exploration & Production Frank J. Patterson had 26,194 shares withheld for taxes on vesting stock.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Gloria R. Boyland received 61,577 shares as part of the equity award.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Leslie Starr Keating received 61,577 shares as part of the equity award.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Luke R Corbett received 61,577 shares as part of the equity award.