Past year: ▲ 0%(1.00c – 1.00c USD)
Each one in plain English, with the numbers worked through for a shareholder.
4 June 2015material agreement▼ BadMajor
Had its credit facility borrowing base cut from $2.0 billion to $1.6 billion and its debt-to-EBITDA covenant tightened for coming years - the first clear sign the 2014-15 oil price collapse was constraining the balance sheet it had built through years of acquisitions.
3 June 2015business combination● NeutralMajor
Filed the registration statement (Form S-4) to issue up to 15,453,258 new Vanguard common units to LRR Energy unitholders in the merger agreed April 20, 2015. Each LRR unit converts into 0.550 Vanguard units (valued at $8.93 per LRR unit on April 20, 2015, a 12.6% premium to LRR's $7.93 close). LRR holders would own about 11.9% of Vanguard if the Eagle Rock merger also closes, or about 15.2% if it does not. The LRR vote date is still blank and the filing is preliminary, so this continues the LRR deal rather than completing it.
27 May 2015business combination● Neutral
Amended its voting-support agreement with LRR Energy's unitholders to account for the newly announced Eagle Rock merger running in parallel.
26 May 2015business combination● Neutral
Postponed its 2015 annual unitholder meeting so investors could also vote on issuing new units for the Eagle Rock merger.
22 May 2015business combination● Neutral
Issued the joint press release announcing the Eagle Rock Energy Partners merger agreement alongside the same-day Form 8-K disclosing its terms.
22 May 2015business combination● NeutralMajor
One month after agreeing to buy LRR Energy, announced a second roll-up - acquiring Eagle Rock Energy Partners for common units valued at about $614 million including assumed debt, at a 0.185 exchange ratio.
4 May 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $75.0 million and a net loss of $793.6 million for the period ended 2015-06-30.
1 May 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $75.0 million and a net loss of $793.6 million for the period ended 2015-06-30.
29 Apr 2015substantial holder notice● Neutral
Vanguard Natural Resources, LLC disclosed a new substantial Grizzly Energy, LLC shareholding (30.50% of votes).
22 Apr 2015business combination● Neutral
Filed the full LRR Energy merger agreement: each LRR unit converts into 0.550 Vanguard units, structured as a unit-for-unit roll-up rather than a cash deal.
21 Apr 2015business combination● NeutralMajor
Announced a deal to acquire LRR Energy (Lime Rock Resources' public MLP) for common units valued at about $539 million including assumed debt - the first of two roll-up mergers announced within a month, even as low oil prices squeezed the sector.
20 Apr 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).
25 Mar 2015director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith bought 26,035 shares on the open market at $14.22.
25 Mar 2015director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Robert Richard A bought 20,610 shares on the open market at $14.22.
25 Mar 2015director interest notice● Neutral
Grizzly Energy, LLC Executive VP, Operations Pence Britt bought 21,039 shares on the open market at $14.22.
25 Mar 2015material agreement termination● Neutral
Formally terminated its 2013 at-the-market equity program, a housekeeping step that didn't affect the new one signed two weeks earlier.
13 Mar 2015securities registration● Neutral
Grizzly Energy, LLC filed a prospectus supplement for an offering off its existing shelf.
12 Mar 2015material agreement● Neutral
Set up a new at-the-market program covering up to $400 million of common units plus its three preferred series, as commodity prices stayed weak into 2015.
2 Mar 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $157.9 million and a net loss of $118.8 million for the period ended 2015-03-31.
17 Feb 2015quarterly activities report▼ Bad
Grizzly Energy, LLC reported quarterly revenue of $157.9 million and a net loss of $118.8 million for the period ended 2015-03-31.
13 Feb 2015securities registration● Neutral
Grizzly Energy, LLC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
7 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC Executive VP, Operations Pence Britt disposed of 3,650 shares via option/appreciation-right settlement.
7 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith disposed of 8,862 shares via option/appreciation-right settlement.
6 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC Executive VP, Operations Pence Britt received 73,768 shares as part of the equity award.
6 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith received 5,465 shares as part of the equity award.
6 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC Executive VP and CFO Robert Richard A received 104,512 shares as part of the equity award.
6 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC President and CEO Scott W Smith received 182,482 shares as part of the equity award.
2 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC director Mccullough Bruce W. received 1,001 shares as part of the equity award.
2 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC director Singletary Loren received 858 shares as part of the equity award.
2 Jan 2015director interest notice● Neutral
Grizzly Energy, LLC director W Richard Anderson received 858 shares as part of the equity award.
