12 Feb 2016substantial holder notice● Neutral
EIN reported a SILVERBOW RESOURCES, INC. shareholding of 1,400,453 shares (3.14% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2016substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr reported no remaining SILVERBOW RESOURCES, INC. shareholding in its periodic institutional filing.
6 Jan 2016listing compliance notice● NeutralMajor
SILVERBOW RESOURCES, INC.'s exchange filed to remove a class of its securities from listing.
4 Jan 2016bankruptcy or receivership▼ BadMajor
On December 31, 2015 Swift Energy and eight subsidiaries filed Chapter 11 in Delaware, with a restructuring support agreement under which senior noteholders convert their notes to equity. Existing shareholders are to keep 4% of the equity (before dilution from a new management incentive program) plus warrants for up to 30% of post-petition equity if certain benchmarks are met. The filing also accelerated the senior notes (7.125% due 2017, 8.875% due 2020, 7.875% due 2022) and the JPMorgan-led credit facility, and proposes a $75 million debtor-in-possession loan from Cantor Fitzgerald-led lenders. It also reports a deal to sell a 75% interest in part of its Louisiana acreage (South Bearhead Creek and Burr Ferry fields) to Texegy LLC for $48.75 million cash, closing expected by March 15, 2016 and subject to court approval. Management is to stay on, with Terry Swift keeping a board seat.
21 Dec 2015listing compliance notice▼ BadMajor
On December 18, 2015 the NYSE began proceedings to delist the stock because of "abnormally low" trading price levels, and suspended trading that day. The company said it does not intend to appeal and expects the stock to be delisted. From December 21, 2015 it trades on the OTC Pink market as "SFYW", with no assurance that quotes or trading volume will continue. This resolves the August 2015 listing-notice thread, and the cure periods did not run their course.
25 Nov 2015listing compliance notice▲ GoodMajor
the New York Stock Exchange certified SILVERBOW RESOURCES, INC.'s securities for listing, clearing them to begin trading.
5 Nov 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $60.1 million and a net loss of $354.6 million for the period ended 2015-09-30.
5 Nov 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $60.1 million and a net loss of $354.6 million for the period ended 2015-09-30.
20 Aug 2015listing compliance notice▼ BadMajor
The NYSE told the company on August 14, 2015 that it fell short of two listing standards: its 30-day average share price was $0.96 (below $1.00), and its average market value and shareholders' equity were both below $50 million. The shares keep trading on the NYSE for now with a "below compliance" tag. The company has six months to fix the share price and will submit a plan within 45 days to try to fix the market value shortfall within 18 months.
7 Aug 2015substantial holder notice● Neutral
BlackRock, Inc reported a SILVERBOW RESOURCES, INC. shareholding of 974,400 shares (2.20% of votes) in a periodic institutional filing.
6 Aug 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $66.2 million and a net loss of $292.9 million for the period ended 2015-06-30.
6 Aug 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $66.2 million and a net loss of $292.9 million for the period ended 2015-06-30.
7 May 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $68.3 million and a net loss of $477.1 million for the period ended 2015-03-31.
7 May 2015quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $68.3 million and a net loss of $477.1 million for the period ended 2015-03-31.
10 Apr 2015substantial holder notice● Neutral
BlackRock, Inc reported a SILVERBOW RESOURCES, INC. shareholding of 4,474,006 shares (10.20% of votes) in a periodic institutional filing.
13 Feb 2015substantial holder notice● Neutral
EIN disclosed a new substantial SILVERBOW RESOURCES, INC. shareholding (6.49% of votes).
11 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a SILVERBOW RESOURCES, INC. shareholding of 2,365,502 shares (5.39% of votes) in a periodic institutional filing.
11 Feb 2015substantial holder notice● Neutral
EARNEST Partners, LLC reported a SILVERBOW RESOURCES, INC. shareholding of 1,397,073 shares (3.20% of votes) in a periodic institutional filing.
10 Feb 2015substantial holder notice● Neutral
EARNEST Partners, LLC reported a SILVERBOW RESOURCES, INC. shareholding of 3,176,475 shares (7.20% of votes) in a periodic institutional filing.
6 Feb 2015substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr reported a SILVERBOW RESOURCES, INC. shareholding of 3,584,040 shares (8.20% of votes) in a periodic institutional filing.
15 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a SILVERBOW RESOURCES, INC. shareholding of 4,087,598 shares (9.30% of votes) in a periodic institutional filing.
17 Nov 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $138.8 million and net income of $2.5 million for the period ended 2014-09-30.
17 Nov 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $138.8 million and net income of $2.5 million for the period ended 2014-09-30.
17 Nov 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $138.8 million and net income of $2.5 million for the period ended 2014-09-30.
12 Nov 2014financial restatement▼ BadMajor
On November 10, 2014 the audit committee concluded that the 2013, 2012 and 2011 annual statements and the first two 2014 quarterly statements can no longer be relied on, because oil and gas property write-down calculations wrongly included the tax effect of asset retirement obligations (error dating to 2008). The correction is expected to raise retained earnings by about $30 million at end-2013 and reduce the 2013 write-down of about $74 million by about $27 million. It also cuts each 2014 quarter's net income by about $500,000, and the previously announced Q3 2014 earnings of $0.06 per share are now expected at about $0.04-$0.05. The company also disclosed a material weakness in internal control at December 31, 2013, and planned amended filings and a late Q3 10-Q within the grace period.
12 Nov 2014late filing notice▼ Bad
SILVERBOW RESOURCES, INC. notified the SEC that its quarterly report would be filed late.
12 Nov 2014substantial holder notice● Neutral
BAKER STREET CAPITAL L.P, BAKER STREET CAPITAL GP, LLC, BAKER STREET CAPITAL MANAGEMENT, LLC, VADIM PERELMAN reported a SILVERBOW RESOURCES, INC. shareholding of 1,126,472 shares (2.57% of votes) in a periodic institutional filing.
6 Nov 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $138.8 million and net income of $2.5 million for the period ended 2014-09-30.
16 Oct 2014substantial holder notice● Neutral
BAKER STREET CAPITAL L.P, BAKER STREET CAPITAL GP, LLC, BAKER STREET CAPITAL MANAGEMENT, LLC, VADIM PERELMAN disclosed a new substantial SILVERBOW RESOURCES, INC. shareholding (9.99% of votes).
1 Aug 2014quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $156.0 million and net income of $6.8 million for the period ended 2014-06-30.