22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. EVP and COO Steven W Adam received 18,390 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Charles W Wampler received 6,452 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Michael Duginski received 6,452 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Gabriel L Ellisor received 6,452 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Jennifer M Grigsby received 6,452 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Kathleen S Mcallister received 6,452 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Ellen Desanctis received 7,944 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. EVP, CFO & GC Christopher M Abundis received 15,438 shares as part of the equity award.
22 Feb 2024director interest notice● Neutral
SILVERBOW RESOURCES, INC. CEO Sean C Woolverton received 37,749 shares as part of the equity award.
21 Feb 2024substantial holder notice● Neutral
Kimmeridge Energy Management Company, LLC reported a SILVERBOW RESOURCES, INC. shareholding of 3,281,356 shares (12.90% of votes) in a periodic institutional filing.
2 Feb 2024substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial SILVERBOW RESOURCES, INC. shareholding (5.90% of votes).
3 Jan 2024substantial holder notice● Neutral
Riposte Capital LLC, Riposte Global Opportunity Master Fund, LP, Riposte GP, LLC, Khaled Beydoun reported a SILVERBOW RESOURCES, INC. shareholding of 2,475,000 shares (9.70% of votes) in a periodic institutional filing.
21 Dec 2023substantial holder notice● Neutral
Riposte Capital LLC, Riposte Global Opportunity Master Fund, LP, Riposte GP, LLC, Khaled Beydoun reported a SILVERBOW RESOURCES, INC. shareholding of 1,969,000 shares (7.70% of votes) in a periodic institutional filing.
13 Dec 2023securities registration● Neutral
SILVERBOW RESOURCES, INC. filed the final prospectus for a registered offering.
11 Dec 2023securities registration● Neutral
SILVERBOW RESOURCES, INC. filed the final prospectus for a registered offering.
1 Dec 2023asset acquisition disposition▲ GoodMajor
On November 30, 2023 SilverBow closed the Chesapeake South Texas acquisition announced in August 2023, for about $700 million: $650 million cash at closing and $50 million deferred to the first anniversary, with up to $50 million more contingent on future commodity prices. It was funded with cash on hand, revolver borrowings and the sale of an additional $350 million of second lien notes. The revolver borrowing base and commitments rose from $775 million to $1.2 billion, and the second lien notes reached $500 million with maturity extended from December 2026 to December 2028; this resolves the pending deal and financing upsizes in the context. The press release states the company now holds over 220,000 net acres, and gives a preliminary 2024 outlook of 551-611 MMcfe/d and capex of $550-$580 million (company figures). The second lien amendment also adds a Current Ratio covenant of at least 1.00 and a Minimum Asset Coverage Ratio of 1.10 through March 31, 2024 and 1.25 after. Acquired-business financials and pro forma figures are to be filed by later amendment.
30 Nov 2023substantial holder notice● Neutral
Riposte Capital LLC, Riposte Global Opportunity Master Fund, LP, Riposte GP, LLC, Khaled Beydoun reported a SILVERBOW RESOURCES, INC. shareholding of 1,700,000 shares (6.70% of votes) in a periodic institutional filing.
29 Nov 2023director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Ellen Desanctis bought 2,500 shares on the open market at $31.61.
28 Nov 2023director interest notice● Neutral
Ellen Desanctis became a SILVERBOW RESOURCES, INC. director and company insider (initial ownership filing).
14 Nov 2023director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Gabriel L Ellisor sold 3,000 shares at $32.00.
2 Nov 2023quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $174.0 million and a net loss of $4.8 million for the period ended 2023-09-30.
1 Nov 2023quarterly activities report▼ Bad
SILVERBOW RESOURCES, INC. reported quarterly revenue of $174.0 million and a net loss of $4.8 million for the period ended 2023-09-30.
28 Sept 2023substantial holder notice● Neutral
Riposte Capital LLC*, Riposte Global Opportunity Master Fund, LP*, Riposte GP, LLC, Khaled Beydoun* reported a SILVERBOW RESOURCES, INC. shareholding of 1,500,000 shares (5.50% of votes) in a periodic institutional filing.
19 Sept 2023director interest notice● Neutral
SILVERBOW RESOURCES, INC. director Strategic Value Partners, LLC sold 1,189,189 shares at $34.78.
18 Sept 2023material agreement● NeutralMajor
On September 13, 2023 SilverBow agreed an underwriting for 4,000,000 shares: 2,810,811 sold by the company (about $97.8 million net proceeds) and 1,189,189 sold by SVMF 71, LLC, the Strategic Value Partners vehicle that held 26.6% in 2022. Underwriters also have a 30-day option for up to 600,000 more shares; the sale closed September 18, 2023. The new shares dilute existing holders; the filing does not state what the proceeds are for (the filing does not link it to the Chesapeake deal; that would be an inference).
15 Sept 2023securities registration● Neutral
SILVERBOW RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
15 Sept 2023substantial holder notice● Neutral
Riposte Capital LLC*, Riposte Global Opportunity Master Fund, LP*, Riposte GP, LLC, Khaled Beydoun* reported a SILVERBOW RESOURCES, INC. shareholding of 1,200,000 shares (5.30% of votes) in a periodic institutional filing.
12 Sept 2023securities registration● Neutral
SILVERBOW RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
14 Aug 2023material agreement● NeutralMajor
On August 11, 2023 SilverBow agreed to buy Chesapeake's South Texas oil and gas assets for $700 million: $650 million cash at closing and $50 million due one year later, plus up to $50 million more depending on commodity prices. Closing is expected by year-end 2023 (termination right if not completed by November 24, 2023, extendable 15 days). It is to be funded by cash, the revolver (with $425 million of new commitments, lifting total to $1.2 billion) and the second lien notes (upsized by $350 million to $500 million, maturity extended to December 15, 2028), all conditional on closing. This is the largest deal in the company's recent acquisition run and would add to debt.
3 Aug 2023quarterly activities report● Neutral
SILVERBOW RESOURCES, INC. reported quarterly revenue of $126.4 million and net income of $24.9 million for the period ended 2023-06-30.