26 Jan 2005substantial holder notice● Neutral
/ Artisan Partners Limited Partnership, Artisan Investment Corporation, Andrew A. Ziegler, Carlene Murphy Ziegler reported no remaining NUEVO ENERGY CO shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2004listing compliance notice▼ BadMajor
NUEVO ENERGY CO terminated the registration of a class of securities, ending its reporting obligation for them.
6 July 2004listing compliance notice▼ BadMajor
NUEVO ENERGY CO terminated the registration of a class of securities, ending its reporting obligation for them.
11 June 2004substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other reported no remaining NUEVO ENERGY CO shareholding in its periodic institutional filing.
24 May 2004listing compliance notice▼ BadMajor
NUEVO ENERGY CO's securities were notified for removal from listing and registration on its exchange.
18 May 2004listing compliance notice▼ BadMajor
NUEVO ENERGY CO terminated the registration of a class of securities, ending its reporting obligation for them.
20 Apr 2004asset acquisition disposition● NeutralMajor
On April 8, 2004 Nuevo signed agreements with Lankan Inc. and Perenco S.A. to sell its Republic of Congo subsidiaries for an estimated $62 million, subject to adjustments. The sale covers a non-operating 50% working interest in the Yombo field, a 50% interest in the floating production vessel and a 50% interest in the Masseko field. It needs third-party and government consents and is expected to close in Q2 2004. The pro forma figures show net proceeds of $56.8 million and an estimated pre-tax gain of $25.6 million, with 2003 revenue falling from $371.3 million to $328.6 million without Congo. This is the Congo sale to Perenco flagged earlier, and it is separate from the pending PXP merger, which this filing does not mention.
8 Apr 2004asset acquisition disposition● NeutralMajor
Nuevo agreed to sell its 50% non-operated interest in the Marine 1 permit offshore Congo - the Yombo and Masseko fields and half of the production vessel serving them - to France's Perenco for $62 million, effective from the start of the year. That was 4,800 barrels a day of 2003 production gone, and it left Nuevo a California and West Texas company.
27 Feb 2004securities registration● Neutral
NUEVO ENERGY CO filed the final prospectus for a registered offering.
17 Feb 2004substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other disclosed a new substantial NUEVO ENERGY CO shareholding (10.57% of votes).
12 Feb 2004substantial holder notice● Neutral
Wellington Management Company, LLP reported a NUEVO ENERGY CO shareholding of 1,331,324 shares (6.82% of votes) in a periodic institutional filing.
12 Feb 2004business combination▲ GoodMajor
Nuevo agreed on Feb 12, 2004 to merge into Plains Exploration & Production (PXP) in an all-stock deal: Nuevo holders get 1.765 PXP shares per Nuevo share, which the press release values at $28.05 per share (based on PXP's $15.89 close on Feb 11) and about $945 million in total. PXP would issue about 37.4 million shares and assume $234 million of net debt and $115 million of TECONS (convertible preferred securities); Nuevo holders would own about 47% of the combined company. Both boards approved it, but it still needs both companies' stockholder votes and other customary conditions. The filing also gives 2004 stand-alone guidance (17.0-18.0 MMBOE production, $65-70 million capital spending) and notes a Feb 27, 2004 call to redeem $75 million of 9½% Senior Subordinated Notes.
10 Feb 2004substantial holder notice● Neutral
Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc reported a NUEVO ENERGY CO shareholding of 1,522,912 shares (7.30% of votes) in a periodic institutional filing.
10 Feb 2004substantial holder notice● Neutral
The TCW Group, Inc., on behalf of the TCW Business Unit reported a NUEVO ENERGY CO shareholding of 842,578 shares (4.30% of votes) in a periodic institutional filing.
9 Feb 2004substantial holder notice● Neutral
The TCW Group, Inc., on behalf of the TCW Business Unit reported a NUEVO ENERGY CO shareholding of 842,578 shares (4.30% of votes) in a periodic institutional filing.
23 Jan 2004substantial holder notice● Neutral
/ Artisan Partners Limited Partnership, / Artisan Investment Corporati, / Andrew A. Ziegler, / Carlene Murphy Ziegler reported a NUEVO ENERGY CO shareholding of 1,468,701 shares (7.50% of votes) in a periodic institutional filing.
12 Jan 2004substantial holder notice● Neutral
State Street Research & Management Company # disclosed a new substantial NUEVO ENERGY CO shareholding (1.16% of votes).
10 Nov 2003substantial holder notice● Neutral
HEARTLAND ADVISORS, INC. #, WILLIAM J. NASGOVITZ reported a NUEVO ENERGY CO shareholding of 830,700 shares (4.30% of votes) in a periodic institutional filing.
14 Oct 2003director interest notice● Neutral
NUEVO ENERGY CO director Robert L Gerry III sold 1,287 shares at $19.66.
10 Oct 2003substantial holder notice● Neutral
BARCLAYS GLOBAL INVESTORS, NA. and 1 other reported a NUEVO ENERGY CO shareholding of 1,655,217 shares (8.55% of votes) in a periodic institutional filing.
9 Oct 2003substantial holder notice● Neutral
The TCW Group, Inc., on behalf of the TCW Business Unit reported a NUEVO ENERGY CO shareholding of 1,438,155 shares (7.40% of votes) in a periodic institutional filing.
25 Sept 2003director interest notice● Neutral
NUEVO ENERGY CO director Robert L Gerry III sold 6,000 shares at $17.65.
17 Sept 2003securities registration● Neutral
NUEVO ENERGY CO filed the final prospectus for a registered offering.
21 July 2003director interest notice● Neutral
Sheryl K Pressler became a NUEVO ENERGY CO director and company insider (initial ownership filing).
16 July 2003securities registration● Neutral
NUEVO ENERGY CO filed the final prospectus for a registered offering.
14 July 2003director interest notice● Neutral
Gary R Petersen became a NUEVO ENERGY CO director and company insider (initial ownership filing).
2 July 2003director interest notice● Neutral
George B Nilsen became a NUEVO ENERGY CO Senior Vice President and company insider (initial ownership filing).
2 July 2003director interest notice● Neutral
James L Payne became a NUEVO ENERGY CO Chairman, President and company insider (initial ownership filing).
2 July 2003director interest notice● Neutral
Bruce K Murchinson became a NUEVO ENERGY CO Senior Vice President and company insider (initial ownership filing).
2 July 2003director interest notice● Neutral
John P Mcginnis became a NUEVO ENERGY CO Vice President-Exploration and company insider (initial ownership filing).