21 Aug 2017director interest notice● Neutral
Michael V Alexander became a Grizzly Energy, LLC director and company insider (initial ownership filing).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Aug 2017director interest notice● Neutral
Contrarian Capital Management, L.L.C. became a Grizzly Energy, LLC company insider (initial ownership filing).
21 Aug 2017director interest notice● Neutral
Graham Aled Morris became a Grizzly Energy, LLC director and company insider (initial ownership filing).
21 Aug 2017director interest notice● Neutral
Richard A Robert became a Grizzly Energy, LLC Executive VP and CFO and company insider (initial ownership filing).
21 Aug 2017director interest notice● Neutral
Joseph Michael Citarrella became a Grizzly Energy, LLC director and company insider (initial ownership filing).
21 Aug 2017director interest notice● Neutral
Monarch Alternative Capital LP became a Grizzly Energy, LLC company insider (initial ownership filing).
21 Aug 2017director interest notice● Neutral
Richard Scott Sloan became a Grizzly Energy, LLC director and company insider (initial ownership filing).
18 Aug 2017securities registration● Neutral
Grizzly Energy, LLC filed notice of an exempt private placement.
18 Aug 2017listing compliance notice▼ BadMajor
Grizzly Energy, LLC deregistered its securities, ending its obligation to file reports with the SEC.
15 Aug 2017business combination● NeutralMajor
The bankruptcy court confirmed the reorganization plan on July 18, 2017, and the company emerged on August 1, 2017, with all assets transferred from Vanguard Natural Resources, LLC to a new Vanguard Natural Resources, Inc. On August 9, 2017 the new company issued warrants to buy its common stock to holders of the old company's common units, and says it will keep filing SEC reports. This ends the Chapter 11 case; the filing does not state what, if anything, old unitholders receive beyond these warrants.
9 Aug 2017quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $94.0 million and a net loss of $53.9 million for the period ended 2017-06-30.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC director W Richard Anderson disposed of 203,321 shares via option/appreciation-right settlement.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Richard A Robert disposed of 3,771,278 shares via option/appreciation-right settlement.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith disposed of 6,425,466 shares via option/appreciation-right settlement.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC director Bruce W. Mccullough disposed of 195,455 shares via option/appreciation-right settlement.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC director Loren Singletary disposed of 207,690 shares via option/appreciation-right settlement.
3 Aug 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP of Operations Britt Pence disposed of 2,854,342 shares via option/appreciation-right settlement.
2 Aug 2017securities registration● Neutral
Grizzly Energy, LLC amended an already-effective registration statement.
2 Aug 2017securities registration● Neutral
Grizzly Energy, LLC amended an already-effective registration statement.
2 Aug 2017securities registration● Neutral
Grizzly Energy, LLC amended an already-effective registration statement.
27 July 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP of Operations Britt Pence sold 51,056 shares.
24 July 2017director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith sold 127,911 shares at $0.04.
24 July 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Richard A Robert sold 81,865 shares at $0.06.
19 July 2017bankruptcy or receivership● NeutralMajor
The bankruptcy court confirmed the Modified Second Amended Joint Plan on July 18, 2017, with August 1, 2017 targeted as the effective date and the company to become Vanguard Natural Resources, Inc., a Delaware corporation. The plan included a $255.75 million backstopped rights offering and full recovery for revolving credit lenders.
8 June 2017bankruptcy or receivership● Neutral
Bankruptcy court approved its disclosure statement and set procedures for creditors to vote on the reorganization plan, moving the Chapter 11 case toward a confirmation hearing.
24 May 2017asset acquisition disposition● NeutralMajor
While in Chapter 11, the company's subsidiary sold much of its Glasscock County, Texas oil and gas properties to the stalking-horse buyer, which won an auction on May 17, 2017 against a competing bid from XTO Energy. Total consideration was $102,150,040: about $96.86 million for the leases (closed May 19, 2017 after court approval) and about $5.29 million for roughly 57 wells, to be signed by May 26, 2017. The filing warns that trading in the securities is highly speculative and may bear little relation to any recovery for holders.
18 May 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP of Operations Britt Pence converted derivative holdings into 13,000 shares and disposed of 16,556.
18 May 2017director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Richard A Robert converted derivative holdings into 25,000 shares and disposed of 31,838.
18 May 2017director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith converted derivative holdings into 40,000 shares and disposed of 50,940.
8 May 2017quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $94.0 million and a net loss of $53.9 million for the period ended 2017-06-30.