6 Jan 2016director interest notice● Neutral
Grizzly Energy, LLC director W Richard Anderson received a stock option grant for 41,946 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Jan 2016director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith received a stock option grant for 1,107,383 shares.
12 Nov 2015material agreement● Neutral
Had its borrowing base reaffirmed at $1.8 billion and gained room to issue up to $300 million of junior-lien debt, a small reprieve after June's cut.
9 Nov 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.
9 Nov 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.
13 Oct 2015substantial holder notice● Neutral
Montierra Minerals & Production, L.P, Montierra Management LLC, Natural Gas Partners VII, L.P, Natural Gas Partners VIII, L.P, NGP Income Management L.L.C, Eagle Rock Holdings NGP, ERH NGP, NGP Income Co-Investment Opportunities Fund II, L.P, NGP Energy Capital Management, L.L.C disclosed a new substantial Grizzly Energy, LLC shareholding (7.54% of votes).
9 Oct 2015securities registration● Neutral
Grizzly Energy, LLC amended its automatic shelf registration statement.
9 Oct 2015securities registration● Neutral
Grizzly Energy, LLC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
8 Oct 2015asset acquisition disposition● NeutralMajor
Completed the Eagle Rock merger on October 5, 2015, the same day as the LRR Energy merger, issuing about 28.75 million new Vanguard units at 0.185 per Eagle Rock unit. The closing was announced on October 8.
5 Oct 2015substantial holder notice● Neutral
Vanguard Natural Resources, LLC reported a Grizzly Energy, LLC shareholding of 100.00% of votes in a periodic institutional filing.
5 Oct 2015agm notice● Neutral
Grizzly Energy, LLC 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).
5 Oct 2015asset acquisition disposition● NeutralMajor
Completed the LRR Energy merger, issuing new units at the 0.550 exchange ratio and folding Lime Rock's oil and gas assets into the company.
4 Sept 2015material agreement● Neutral
Filed a routine auditor consent letter from PricewaterhouseCoopers as part of its securities registration paperwork for the pending mergers.
3 Sept 2015securities registration● Neutral
Grizzly Energy, LLC filed the final prospectus for a registered offering.
3 Sept 2015securities registration● Neutral
Grizzly Energy, LLC filed the final prospectus for a registered offering.
3 Sept 2015material agreement● Neutral
Rescheduled the annual meeting a second time, to October 5, 2015, again to meet proxy-mailing deadlines ahead of the Eagle Rock merger vote.
31 Aug 2015business combination● Neutral
Amendment No. 5 to the LRR Energy merger registration statement, dated August 31, 2015, which re-files the preliminary proxy statement/prospectus. Terms are unchanged (0.550 Vanguard unit per LRR unit, $8.93 value at April 20, 2015, plus 12,320 units to LRE GP members). LRR holders would own about 11.8% of Vanguard if the Eagle Rock deal also closes, and the no-Eagle-Rock figure is now stated as 15.1% (15.2% before). The voting-support holders' stake of about 30.5% is now dated August 27, 2015. The meeting date appears blank in this version of the text, so I can't confirm the September 10 date from this filing. The merger remains pending and preliminary.
31 Aug 2015business combination● Neutral
Amendment No. 5 to the Eagle Rock merger registration statement, dated August 31, 2015, which re-files the preliminary joint proxy statement/prospectus. Terms are unchanged (0.185 Vanguard unit per Eagle Rock unit, a 24.5% premium to Eagle Rock's May 21 close), and Eagle Rock holders would still own about 22.0% of Vanguard if the LRR deal also closes, or 24.9% if not. The meeting dates appear blank in this version of the text, unlike the September 17 date set in earlier amendments, so I can't confirm the date from this filing. The risk factors section is again shown as starting on page 48. The merger remains pending and preliminary.
20 Aug 2015business combination● Neutral
Amendment No. 4 to the LRR Energy merger registration statement, dated August 20, 2015, filed only to add Exhibits 8.1 and 8.2. The filing says no changes were made to the proxy statement/prospectus, so the deal terms (0.550 Vanguard unit per LRR unit) are unchanged and the merger remains pending.
20 Aug 2015business combination● Neutral
Amendment No. 4 to the Eagle Rock merger registration statement, dated August 20, 2015, filed only to add Exhibits 8.1 and 8.2. The filing says no changes were made to the joint proxy statement/prospectus, so the deal terms (0.185 Vanguard unit per Eagle Rock unit) and the September 17 meetings are unchanged and the merger remains pending.
7 Aug 2015business combination● Neutral
Amendment No. 3 to the Eagle Rock merger registration statement, dated August 6, 2015. Terms (0.185 Vanguard unit per Eagle Rock unit), the September 17, 2015 meetings and the expected Eagle Rock holder stake (about 22.0% or 24.9%) are unchanged. The visible text shows only that the risk factors section now begins on page 47 instead of 48. The deal is still pending and the filing is still preliminary.
7 Aug 2015business combination● Neutral
Amendment No. 3 to the LRR Energy merger registration statement, dated August 6, 2015. Terms, the September 10, 2015 LRR meeting date and the expected ownership split (11.8% or 15.2%) are unchanged from Amendment No. 2. The visible text shows only that the date of the voting-support holders' roughly 30.5% stake was updated to July 31, 2015. The deal is still pending and the filing is still preliminary.
4 Aug 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.
4 Aug 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.
24 July 2015business combination● Neutral
Amendment No. 2 to the LRR Energy merger registration statement, dated July 24, 2015. Terms are unchanged (0.550 Vanguard unit per LRR unit, $8.93 value at April 20, 2015, plus 12,320 units to the LRE GP members). It now sets the LRR special meeting for September 10, 2015 at 10:00 a.m., filling the date that was previously blank, a week before the September 17 Vanguard and Eagle Rock meetings. LRR holders' expected stake stays at about 11.8% if the Eagle Rock deal also closes, 15.2% if not. Affiliates holding about 30.5% of LRR units (as of July 20, 2015) have agreed to vote in favour. The deal is still pending.
24 July 2015business combination● Neutral
Amendment No. 2 to the Eagle Rock merger registration statement, dated July 24, 2015. Terms are unchanged (0.185 Vanguard unit per Eagle Rock unit, valued at $3.05, a 24.5% premium to Eagle Rock's $2.45 close). The September 17, 2015 meetings and the expected Eagle Rock holder stake (about 22.0% if the LRR deal also closes, 24.9% if not) are the same as in Amendment No. 1, so the deal remains pending and preliminary.
9 July 2015business combination● NeutralMajor
Amendment No. 1 to the Eagle Rock merger registration statement, dated July 8, 2015. The terms are unchanged (0.185 Vanguard unit per Eagle Rock unit). It now sets September 17, 2015 at 10:00 a.m. as the date of both Vanguard's annual meeting (which includes the vote on issuing units to Eagle Rock holders) and Eagle Rock's special meeting. Eagle Rock holders' expected stake is now about 22.0% if the LRR deal also closes (22.1% before) or 24.9% if it does not (25.0% before).
9 July 2015business combination● Neutral
Amendment No. 1 to the LRR Energy merger registration statement, dated July 8, 2015. The terms are unchanged (0.550 Vanguard unit per LRR unit, $8.93 value at April 20, 2015). LRR holders' expected ownership of Vanguard is now stated as about 11.8% if the Eagle Rock deal also closes (11.9% in the June filing), and still about 15.2% if it does not. The LRR meeting date is still blank, so the deal remains pending.
8 July 2015material agreement● Neutral
Rescheduled its postponed annual meeting to September 17, 2015, to allow time to mail proxy materials covering the pending Eagle Rock merger vote.
16 June 2015business combination● NeutralMajor
Filed the registration statement (Form S-4) to issue up to 28,745,628 new Vanguard common units to Eagle Rock Energy Partners unitholders under the May 21, 2015 merger agreement. Each Eagle Rock unit gets 0.185 Vanguard units (valued at $3.05, a 24.5% premium to Eagle Rock's $2.45 close). Eagle Rock holders would own about 22.1% of Vanguard if the LRR merger also closes, or about 25.0% if it does not. Vanguard unitholders vote on the unit issuance at the annual meeting; the date is still blank, and neither merger is conditioned on the other. This continues the Eagle Rock thread.