Past year: ▲ 9%(18.15 – 29.23 USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2018business combination● NeutralMajor
Northern Oil & Gas filed a post-effective amendment to an existing Form S-4 after changing its state of incorporation from Minnesota to Delaware on May 9, 2018. No new securities were registered, and the business, assets, directors and officers were unchanged.
7 May 2018quarterly activities report● Neutral
NORTHERN OIL & GAS, INC. reported quarterly revenue of $66.6 million and net income of $3.0 million for the period ended 2018-03-31.
7 May 2018quarterly activities report● Neutral
NORTHERN OIL & GAS, INC. reported quarterly revenue of $66.6 million and net income of $3.0 million for the period ended 2018-03-31.
16 Apr 2018agm notice● Neutral
Northern Oil and Gas called a special shareholder meeting for May 8, 2018 to vote on issuing up to 137,916,700 shares for a debt exchange and on reincorporating from Minnesota to Delaware. The exchange would swap about $497 million of 8.000% notes for stock and new second lien notes.
10 Apr 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. EVP, General Counsel & Sec Erik J. Romslo had 9,440 shares withheld for taxes on vesting stock.
6 Apr 2018securities registration● Neutral
NORTHERN OIL & GAS, INC. filed a prospectus supplement for an offering off its existing shelf.
6 Apr 2018substantial holder notice● Neutral
Robert Rowling and his affiliated entities reported holding 12,461,885 Northern shares (18.9%) in a Schedule 13D amendment. It disclosed an April 2 second amendment to the Exchange Agreement cutting the minimum cash-only equity raise to $140 million and moving the agreement's expiry to May 15, 2018.
6 Apr 2018agm notice● Neutral
NORTHERN OIL & GAS, INC. 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).
4 Apr 2018securities registration● Neutral
NORTHERN OIL & GAS, INC. filed a prospectus supplement for an offering off its existing shelf.
4 Apr 2018material agreement▼ BadMajor
Northern Oil & Gas lowered the bar for its rescue financing again, cutting the equity it needs to raise to complete the debt exchange from $156 million to $140 million and requiring it all in cash - a sign the original terms were proving hard to hit, even as the company pushed to get the restructuring done by mid-May 2018.
21 Mar 2018material agreement● Neutral
Northern Oil & Gas and its noteholders fine-tuned the terms of the pending debt-for-equity swap, updating the new notes' terms and adding a clause that keeps noteholders and new equity buyers on equal footing on stock lock-ups.
19 Mar 2018capital raising announcement● Neutral
As part of its early-2018 balance-sheet restructuring, Northern Oil and Gas added a further $12 million equity subscription (on top of an existing $40 million commitment), bringing expected proceeds from the restructuring's equity raise to $52 million.
19 Mar 2018debt financing▼ BadMajor
Northern Oil & Gas, working through a debt overhaul after the 2015-2016 oil crash (its 2015-2017 filings show cumulative losses near $1.5 billion), got its term lender TPG to waive a prepayment requirement so it could raise new equity without immediately having to repay debt, as part of a plan to swap $497 million of notes (71% of its outstanding bonds) for stock and new lower-balance notes.
19 Mar 2018securities registration● Neutral
NORTHERN OIL & GAS, INC. filed a prospectus supplement for an offering off its existing shelf.
19 Mar 2018securities registration● Neutral
NORTHERN OIL & GAS, INC. filed a free-writing prospectus - marketing material for an offering in progress.
16 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. Interim President Brandon R. Elliott had 29,739 shares withheld for taxes on vesting stock.
16 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. EVP, General Counsel & Sec Erik J. Romslo had 34,548 shares withheld for taxes on vesting stock.
9 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. EVP, General Counsel & Sec Erik J. Romslo received 48,076 shares as part of the equity award.
9 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. Interim President Brandon R. Elliott received 24,038 shares as part of the equity award.
9 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. Interim CFO Chad W Allen received 24,038 shares as part of the equity award.
2 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. Interim President Brandon R. Elliott had 11,773 shares withheld for taxes on vesting stock.
2 Mar 2018director interest notice● Neutral
NORTHERN OIL & GAS, INC. EVP, General Counsel & Sec Erik J. Romslo had 13,144 shares withheld for taxes on vesting stock.
