29 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 358,953 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
24 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 141,986 shares on the open market.
22 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 191,277 shares on the open market.
18 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 161,000 shares on the open market at $2.09.
12 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 92,976 shares on the open market at $1.73.
12 Jan 2018director interest notice● Neutral
LEGACY RESERVES LP 10%+ owner Baines Creek Capital, LLC bought 2,800 shares on the open market at $1.75.
10 Jan 2018director interest notice● Neutral
Baines Creek Capital, LLC became a LEGACY RESERVES LP 10%+ owner and company insider (initial ownership filing).
5 Jan 2018capital raising announcement● NeutralMajor
On December 31, 2017 Legacy raised the maximum second lien term loan with GSO from $300 million to $400 million, extended borrowing availability to October 25, 2019, and relaxed the asset coverage covenant from 1.0x to 0.85x during 2018. Legacy also agreed to buy about $187.1 million principal of its 6.625% 2021 notes from Fir Tree funds for about $132.1 million (70 cents per dollar), funded with about $131 million of term loan borrowings on January 5, 2018 plus revolver borrowings for accrued interest. In addition it issued 3.8 million new units plus $2.5 million cash to a Fir Tree affiliate under a one-year standstill and voting agreement. This retires part of the 2021 notes at a discount but swaps it for more secured debt and new units (dilution is an inference).
1 Nov 2017quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $33.9 million for the period ended 2017-09-30.
1 Nov 2017quarterly activities report▼ Bad
LEGACY RESERVES LP reported a quarterly net loss of $33.9 million for the period ended 2017-09-30.
4 Aug 2017quarterly activities report▼ Bad
LEGACY RESERVES LP reported quarterly revenue of $92.8 million and a net loss of $11.1 million for the period ended 2017-06-30.
3 Aug 2017quarterly activities report▼ Bad
LEGACY RESERVES LP reported quarterly revenue of $92.8 million and a net loss of $11.1 million for the period ended 2017-06-30.
23 May 2017director interest notice● Neutral
LEGACY RESERVES LP VP, GC and Secretary Dan G. Leroy had 1,641 shares withheld for taxes on vesting stock.
23 May 2017director interest notice● Neutral
LEGACY RESERVES LP EVP & COO Kyle Hammond had 4,235 shares withheld for taxes on vesting stock.
23 May 2017director interest notice● Neutral
LEGACY RESERVES LP CAO and Controller Micah C. Foster had 1,641 shares withheld for taxes on vesting stock.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director William R Granberry received 47,847 shares as part of the equity award.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director Kyle D Vann received 47,847 shares as part of the equity award.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director Dale A Brown received 47,847 shares as part of the equity award.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director William D Sullivan received 47,847 shares as part of the equity award.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director G Larry Lawrence received 47,847 shares as part of the equity award.
18 May 2017director interest notice● Neutral
LEGACY RESERVES LP director Cary D Brown received 47,847 shares as part of the equity award.
3 May 2017quarterly activities report● Neutral
LEGACY RESERVES LP reported a quarterly net income of $16.4 million for the period ended 2017-03-31.
3 May 2017quarterly activities report● Neutral
LEGACY RESERVES LP reported a quarterly net income of $16.4 million for the period ended 2017-03-31.
8 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP director Kyle D Vann acquired 25,000 shares and disposed of 5,330 in a set of related equity transactions.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP VP, GC and Secretary Dan G. Leroy received a stock option grant for 128,282 shares.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP Chairman, President and CEO Paul T Horne received a stock option grant for 1,102,423 shares.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP CAO and Controller Micah C. Foster received a stock option grant for 104,076 shares.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP EVP and CFO James Daniel Westcott received a stock option grant for 585,903 shares.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP EVP & COO Kyle Hammond received a stock option grant for 468,723 shares.
3 Mar 2017director interest notice● Neutral
LEGACY RESERVES LP EVP and CDO Kyle A Mcgraw received a stock option grant for 388,546 shares.