Past year: ▼ 26%(23.0c – 80.7c USD)
Each one in plain English, with the numbers worked through for a shareholder.
27 Dec 2021material agreement● NeutralMajor
Viking and RESC fixed the New Rise Renewables purchase price at $300,000,000 ($25 million cash plus preferred stock for the balance), with an upside adjustment if the Reno plant exceeds 3,000 barrels/day capacity.
19 Nov 2021material agreement● NeutralMajor
Viking agreed to buy New Rise Renewables, LLC -- a renewable-diesel plant under construction in Reno, Nevada -- from RESC Renewables Holdings, with the price to be set by appraisal less financing costs, an estimated $250-275 million bond.
15 Nov 2021quarterly activities report▼ Bad
VIKING ENERGY GROUP, INC. reported quarterly revenue of $9.7 million and a net loss of $9.1 million for the period ended 2021-09-30.
10 Nov 2021securities registration● Neutral
VIKING ENERGY GROUP, INC. registered a securities offering with the SEC using its shelf eligibility.
18 Oct 2021asset acquisition disposition▼ BadMajor
A week after assigning Ichor away, Viking assigned all its membership interests in Elysium Energy Holdings, which held the Texas and Louisiana assets acquired in February 2020, back to TO Elysium 2021, an affiliate of the original seller. The consideration was the assignee's assumption of all Elysium obligations.
12 Oct 2021asset acquisition disposition▼ BadMajor
Viking gave up its entire Ichor Energy platform (Texas/Louisiana producing assets bought for ~$86 million in 2018), assigning its membership interests back to an affiliate of the original seller -- a retreat from the core Gulf Coast E&P business it had built since 2017.
23 Aug 2021material agreement● NeutralMajor
Viking licensed carbon-capture and stationary power-generation patents from ESG Clean Energy, LLC for use across Canada and up to 25 U.S. sites, paying a $1.5 million up-front royalty with $3.5 million more due through April 2022 plus ongoing revenue-based royalties.
16 Aug 2021quarterly activities report▼ Bad
VIKING ENERGY GROUP, INC. reported quarterly revenue of $9.7 million and a net loss of $9.1 million for the period ended 2021-09-30.
9 Aug 2021asset acquisition disposition▲ GoodMajor
Viking closed its purchase of a 60.5% stake in Simson-Maxwell Ltd., a Canadian industrial engine and power-generation equipment maker, for about CA$10 million -- Viking's first diversification beyond oil and gas.
2 Aug 2021director interest notice● Neutral
Troy Andrew Caruso became a VIKING ENERGY GROUP, INC. company insider (initial ownership filing).
30 July 2021capital raising announcement▲ GoodMajor
Camber (then ~62% owner) bought another 27.5 million Viking shares for $11 million cash, funding two new diversification moves: an approximately 60.5% stake in Canadian industrial-engine maker Simson-Maxwell and a carbon-capture technology license -- pushing Camber's stake in Viking to about 73%.
24 May 2021quarterly activities report▼ Bad
VIKING ENERGY GROUP, INC. reported quarterly revenue of $10.5 million and a net loss of $9.9 million for the period ended 2021-03-31.
17 May 2021late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.
27 Apr 2021debt financing● Neutral
Viking guaranteed a new note Camber issued to its institutional lender -- Viking's own credit increasingly backstopping Camber's separate financing needs as the two companies' finances intertwined ahead of a full merger.
18 Feb 2021business combination● NeutralMajor
Viking and Camber signed a new Merger Agreement, reviving the full-combination plan that had been shelved in December 2020's direct stock purchase.
26 Jan 2021securities registration● Neutral
VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.
13 Jan 2021capital raising announcement▲ GoodMajor
Camber bought a further 145,384,615 Viking shares by retiring $20.9 million Viking owed to lender EMC Capital Partners -- Camber issued EMC its own preferred stock and Viking paid EMC $325,000 cash, cleaning up Viking's balance sheet while increasing Camber's stake.
7 Jan 2021securities registration● Neutral
VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.
28 Dec 2020asset acquisition disposition● NeutralMajor
The 2020 Merger Agreement was terminated outright. Instead, Camber bought a direct 51% stake in Viking (236,470,588 shares) for $10.9 million cash plus cancellation of $9.2 million in notes Viking owed it, and assigned its Elysium Energy Holdings stake back to Viking -- replacing a full-combination plan with a controlling-stake structure.
9 Oct 2020business combination● Neutral
Viking and Camber signed a First Amendment to their Amended and Restated Merger Agreement, continuing to renegotiate terms.
15 Sept 2020business combination● Neutral
Viking and Camber issued another joint press release with a routine update on the pending merger's status.
8 Sept 2020director interest notice● Neutral
Troy Andrew Caruso became a VIKING ENERGY GROUP, INC. company insider (initial ownership filing).
4 Sept 2020capital raising announcement▼ Bad
Like the Ichor loan in June, Viking's Elysium Energy term loan lenders relaxed the PDP Collateral Coverage and Maximum Leverage covenants due to the COVID-19 oil price collapse -- both Gulf Coast platforms now under covenant strain.
3 Sept 2020business combination● NeutralMajor
Viking and Camber signed an Amended and Restated Merger Agreement, and Viking amended its Series C Preferred Stock terms (4,900 votes and common-share conversion per preferred share) in anticipation of a full combination.
24 Aug 2020quarterly activities report▼ Bad
VIKING ENERGY GROUP, INC. reported a quarterly net loss of $17.7 million for the period ended 2020-06-30.
20 Aug 2020quarterly activities report▼ Bad
VIKING ENERGY GROUP, INC. reported a quarterly net loss of $17.7 million for the period ended 2020-06-30.
17 Aug 2020late filing notice▼ Bad
VIKING ENERGY GROUP, INC. notified the SEC that its quarterly report would be filed late.
5 Aug 2020capital raising announcement▼ Bad
Over about a week, Viking raised roughly $2.2 million from some 29 investors via convertible notes, most of which were immediately converted into nearly 15 million shares at $0.15/share -- continuing a heavily dilutive financing pattern.
15 July 2020capital raising announcement▼ Bad
Viking converted a separate $1,350,000 Radium2 Capital note into about 11.1 million shares -- a second, distinct Radium2 obligation from the one paid off in cash days earlier, both cleared within the same month.
15 July 2020securities registration● Neutral
VIKING ENERGY GROUP, INC. filed notice of an exempt private placement.
