13 May 2010securities registration● Neutral
Grizzly Energy, LLC filed a prospectus supplement for an offering off its existing shelf.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 May 2010material agreement● Neutral
Sold 3.25 million common units at $23.00 each, helping fund the pending $113.1 million multi-state acquisition announced days earlier.
13 May 2010securities registration● Neutral
Grizzly Energy, LLC filed the final prospectus for a registered offering.
5 May 2010material agreement▲ GoodMajor
Agreed to buy $113.1 million of producing oil and gas assets across Mississippi, Texas and New Mexico from a private seller (Alpine Gas Investors) - its largest single deal to date.
4 May 2010quarterly activities report● Neutral
Grizzly Energy, LLC reported quarterly revenue of $25.4 million and net income of $3.9 million for the period ended 2010-06-30.
3 May 2010quarterly activities report● Neutral
Grizzly Energy, LLC reported quarterly revenue of $25.4 million and net income of $3.9 million for the period ended 2010-06-30.
30 Apr 2010director interest notice● Neutral
Grizzly Energy, LLC insider Nami Capital Partners, LLC sold 8,365 shares at $24.93.
28 Apr 2010director interest notice● Neutral
Grizzly Energy, LLC insider Nami Capital Partners, LLC sold 25,508 shares.
16 Apr 2010director interest notice● Neutral
Grizzly Energy, LLC insider Nami Capital Partners, LLC sold 700 shares at $24.98.
9 Apr 2010director interest notice● Neutral
Grizzly Energy, LLC insider Nami Capital Partners, LLC sold 65,326 shares.
1 Apr 2010director interest notice● Neutral
Grizzly Energy, LLC director Arcturus Holdings, LLC received 7,663 shares as part of the equity award.
29 Mar 2010director interest notice● Neutral
Grizzly Energy, LLC director Singletary Loren received 1,044 shares as part of the equity award.
29 Mar 2010director interest notice● Neutral
Grizzly Energy, LLC director Mcgoldrick John R. received 1,044 shares as part of the equity award.
29 Mar 2010director interest notice● Neutral
Grizzly Energy, LLC director W Richard Anderson received 1,044 shares as part of the equity award.
29 Mar 2010director interest notice● Neutral
Grizzly Energy, LLC director Mccullough Bruce W. received 1,044 shares as part of the equity award.
10 Feb 2010director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith received 15,000 shares and a 15,000-share option grant as part of the equity award.
10 Feb 2010asset acquisition disposition● Neutral
Vanguard filed the required financial statements for the $55.0 million Permian Basin purchase from private sellers, which closed December 2, 2009 and was funded from its reserve-based credit facility. The filing says the properties hold 3.2 million barrels of oil equivalent of proved reserves (about 83% oil) and that about 90% of expected oil production from existing wells is hedged with swaps from January 2010 through December 2013. It adds more swaps and collars for 2012-2013 on oil production in other areas. This follows up the December 2009 deal already reported.
10 Feb 2010director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Robert Richard A received 15,000 shares and a 15,000-share option grant as part of the equity award.
6 Jan 2010director interest notice● Neutral
Grizzly Energy, LLC director Mcgoldrick John R. received 2,720 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Grizzly Energy, LLC Vice President of Engineering Pence Britt received 6,500 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Grizzly Energy, LLC director W Richard Anderson received 2,720 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Grizzly Energy, LLC director Mccullough Bruce W. received 2,720 shares as part of the equity award.
6 Jan 2010director interest notice● Neutral
Grizzly Energy, LLC director Singletary Loren received 2,720 shares as part of the equity award.
4 Dec 2009material agreement▲ GoodMajor
Agreed on November 27, 2009 to buy Permian Basin oil and gas assets from private sellers for $55 million, closing on December 2 and funding it from its credit facility. It hedged about 90% of the acquired oil production through 2013.
2 Dec 2009material agreement● Neutral
Raised additional equity, selling 2.25 million common units at $18.00 each, as unit prices recovered from the 2008-09 downturn.
1 Dec 2009securities registration● Neutral
Grizzly Energy, LLC filed a prospectus supplement for an offering off its existing shelf.
30 Nov 2009securities registration● Neutral
Grizzly Energy, LLC filed the final prospectus for a registered offering.
16 Oct 2009asset acquisition disposition▲ GoodMajor
Vanguard filed the financial statements for a second South Texas purchase from Lewis Energy affiliate Segundo Navarro Drilling. It closed August 17, 2009 at an adjusted $50.5 million, funded by credit facility borrowings and a public offering of 3.5 million common units. The properties hold 27 Bcfe of proved reserves (about 94% gas), and with added hedges about 90% of expected gas production from existing producing wells is hedged through 2011.
1 Sept 2009director interest notice● Neutral
Grizzly Energy, LLC director Arcturus Holdings, LLC bought 90,000 shares on the open market at $13.84.
1 Sept 2009material agreement● Neutral
Refinanced its reserve-based credit facility at a $175 million borrowing base maturing 2012, continuing the pattern of using bank debt to fund acquisitions.