Past year: ▼ 89%(0.80c – 7.50c USD)
Each one in plain English, with the numbers worked through for a shareholder.
24 July 2015material agreement● Neutral
The banks allowed Sanchez to invest up to $80 million in an unrestricted midstream subsidiary and joint venture - building gathering infrastructure it could later sell to the affiliated partnership, which is exactly what happened.
15 July 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $562.9 million for the period ended 2015-06-30.
6 July 2015substantial holder notice● Neutral
Rubric Capital Management, LLC, Cubist Systematic Strategies, LLC, Steven A. Cohen disclosed a new substantial Sanchez Energy Corp shareholding (5.00% of votes).
23 June 2015auditor change● Neutral
Sanchez replaced BDO with KPMG as auditor, moving to a Big Four firm as the accounting around its affiliate transactions and impairments grew more consequential.
8 May 2015director officer appointment● Neutral
Thomas Brian Carney joined the board.
8 May 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
7 May 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
22 Apr 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
6 Apr 2015asset acquisition disposition● NeutralMajor
The wellbore sale to the affiliated partnership closed for $81.6 million cash plus units in the buyer - real money in the door, from a counterparty Sanchez's own managers also run.
1 Apr 2015material agreement▼ BadMajor
With prices down and cash needed, Sanchez began selling assets to its own affiliate: partial working interests in 59 Palmetto wellbores went to Sanchez Production Partners, an entity in the same family group, on terms where the buyer's share escalates every year. A related-party sale is the easiest kind to complete, and the hardest for an outside shareholder to judge.
17 Feb 2015substantial holder notice● Neutral
St. Denis J. Villere & Company, L.L.C, George V. Young, St. Denis J. Villere II, St. Denis J. Villere III, George G. Villere reported a Sanchez Energy Corp shareholding of 5,260,702 shares (8.98% of votes) in a periodic institutional filing.
17 Feb 2015substantial holder notice● Neutral
JVL Advisors, LLC, John V. Lovoi, Navitas Fund, LP, Luxiver, LP, TJS Energy Fund, LP, Hephaestus Energy Fund, LP, Asklepios Energy Fund, LP, Panakeia Energy Fund, LP, URJA, LP, Children's Energy Fund, LP, LVPU, LP disclosed a new substantial Sanchez Energy Corp shareholding (8.05% of votes).
10 Feb 2015substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial Sanchez Energy Corp shareholding (5.53% of votes).
23 Jan 2015securities registration● Neutral
Sanchez Energy Corp filed the final prospectus for a registered offering.
20 Jan 2015substantial holder notice● Neutral
Odey Asset Management Group Ltd, Odey Asset Management LLP, Odey Holdings AG reported no remaining Sanchez Energy Corp shareholding in its periodic institutional filing.
13 Jan 2015business combination● Neutral
Sanchez filed a registration statement offering to swap up to $1.15 billion of its 6.125% senior notes due 2023 (issued June and September 2014) for identical SEC-registered notes. The terms are unchanged and the exchange is not a taxable event; this registers debt already issued, apparently to fund the Catarina purchase (inference from timing), and adds no new borrowing.
12 Jan 2015substantial holder notice● Neutral
A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 5,581,838 shares (9.10% of votes) in a periodic institutional filing.
10 Nov 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $49.0 million for the period ended 2014-09-30.
6 Nov 2014director officer appointment● Neutral
Sean Maher joined the board as oil prices were beginning to fall sharply.
5 Nov 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $49.0 million for the period ended 2014-09-30.
15 Sept 2014debt financing▼ BadMajor
A further $300 million was added to the 6.125% notes at a premium, taking that bond to $1.15 billion. This is the last financing Sanchez completed before oil prices collapsed.
26 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
11 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
7 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
2 July 2014asset acquisition disposition● NeutralMajor
Sanchez closed its $850 million 6.125% senior notes due 2023 on June 27 and completed the Catarina acquisition on June 30, with total consideration of about $553.5 million after adjustments to the $639 million price. It also signed a $1.5 billion credit facility with $425 million elected and nothing drawn.
1 July 2014substantial holder notice● Neutral
A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 4,931,838 shares (8.50% of votes) in a periodic institutional filing.
20 June 2014securities registration● Neutral
Sanchez Energy Corp filed the final prospectus for a registered offering.
16 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
16 June 2014material agreement● NeutralMajor
Sanchez sold 5 million shares at $35.25, raising about $167.5 million net to help fund the Catarina acquisition. Sanchez Oil & Gas, TAEP Security Trust and A.R. Sanchez, Jr. granted underwriters an option on up to 750,000 more shares, with no proceeds going to the company.
16 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
