11 Feb 2016substantial holder notice● Neutral
Wellington Management Group LLP reported no remaining AMERICAN EAGLE ENERGY Corp shareholding in its periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
18 Dec 2015listing compliance notice▼ BadMajor
AMERICAN EAGLE ENERGY Corp deregistered its securities, ending its obligation to file reports with the SEC.
1 Dec 2015bankruptcy or receivership▼ BadMajor
The sale of substantially all the company's assets to Resource Energy Can-Am LLC closed on November 23, 2015, within the Nov 30 deadline, resolving the open question about closing. The base price was $36.75M, subject to adjustments, and the filing says the proceeds are held in escrow pending court decisions on lienholder claims. The company repeats its warning that shareholders may receive little or no distribution and that their stock may be cancelled, and no plan has been set out.
12 Nov 2015bankruptcy or receivership▼ BadMajor
The bankruptcy court approved the sale of substantially all the company's assets to Resource Energy Can-Am LLC on November 6, 2015, for a base price of $36.75M (subject to adjustments), free and clear of lien claims once the sale closes. This confirms the Oct 21 sale agreement; closing was still required by Nov 30, 2015. The sale money is to be held in escrow until the courts decide the lienholders' claims, and the company again warns that shareholders may receive little or no distribution and that their stock may be cancelled.
12 Nov 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $59.2 million for the period ended 2015-09-30.
12 Nov 2015late filing notice▼ Bad
AMERICAN EAGLE ENERGY Corp notified the SEC that its quarterly report would be filed late.
28 Oct 2015bankruptcy or receivership▼ BadMajor
On October 21, 2015, under court-approved sale procedures, the company signed an Asset Purchase Agreement to sell substantially all its assets (mainly its leases and related operating assets, excluding cash and accounts receivable) to Resource Energy Can-Am LLC for a base price of $36.75M, subject to adjustments, with closing required by November 30, 2015. The buyer put a $3.675M deposit (10%) into escrow on Oct 22. The price is well below the $175M of bonds outstanding, and the company again warns that equity holders may get little or no distribution and that their stock may be cancelled.
10 Aug 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $92.7 million for the period ended 2015-06-30.
10 June 2015substantial holder notice● Neutral
BlackRock, Inc reported a AMERICAN EAGLE ENERGY Corp shareholding of 121,641 shares (0.40% of votes) in a periodic institutional filing.
1 June 2015listing compliance notice● NeutralMajor
AMERICAN EAGLE ENERGY Corp's exchange filed to remove a class of its securities from listing.
12 May 2015bankruptcy or receivership▼ BadMajor
On May 8, 2015 the company and its subsidiary AMZG, Inc. filed for Chapter 11 bankruptcy in Colorado and will keep operating as debtors-in-possession. The filing triggered a default on the $175M 11% secured bonds, with enforcement stayed, and the company says it had been discussing a restructuring with some bondholders and had signed a forbearance agreement disclosed in April 2015. This ends the refinancing path begun with the Aug 2014 notes. The company warns that equity holders may receive little or no distribution and that their existing stock may be cancelled, but no plan has been set yet.
8 May 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $50.7 million for the period ended 2015-03-31.
8 Apr 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $50.7 million for the period ended 2015-03-31.
8 Apr 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $50.7 million for the period ended 2015-03-31.
16 Mar 2015late filing notice▼ Bad
AMERICAN EAGLE ENERGY Corp notified the SEC that its annual report would be filed late.
12 Feb 2015substantial holder notice● Neutral
Wellington Management Group LLP disclosed a new substantial AMERICAN EAGLE ENERGY Corp shareholding (7.41% of votes).
2 Feb 2015substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial AMERICAN EAGLE ENERGY Corp shareholding (5.90% of votes).
2 Jan 2015quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $78.5 million for the period ended 2014-12-31.
17 Dec 2014director interest notice● Neutral
Bruce Poignant became a AMERICAN EAGLE ENERGY Corp director and company insider (initial ownership filing).
11 Dec 2014agm notice● Neutral
AMERICAN EAGLE ENERGY Corp shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
12 Nov 2014director interest notice● Neutral
AMERICAN EAGLE ENERGY Corp CHIEF EXECUTIVE OFFICER Bradley Colby bought 3,500 shares on the open market at $6.92.
6 Nov 2014quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $8.7 million for the period ended 2014-09-30.
4 Nov 2014director interest notice● Neutral
Laura Elizabeth Peterson became a AMERICAN EAGLE ENERGY Corp CORPORATE SECRETARY and company insider (initial ownership filing).
14 Aug 2014capital raising announcement● NeutralMajor
On August 13, 2014 the company priced $175M of 11% senior secured notes due Sept 1, 2019, sold at 99.059% of face value in a private placement and expected to close Aug 27, 2014. The press release says the proceeds will refinance the existing Morgan Stanley credit facility, cover general corporate purposes and pay fees; it also intends to set up a senior secured revolving facility of up to about $60M. This replaces the Morgan Stanley facility, which was recently amended and waived in July.
4 Aug 2014quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $3.9 million for the period ended 2014-06-30.
4 Aug 2014quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $3.9 million for the period ended 2014-06-30.
25 July 2014material agreement▼ BadMajor
Effective July 21, 2014 the company amended its Aug 2013 Morgan Stanley credit agreement a third time: it changed how a six-month amortization amount is calculated, agreed to send extra financial reports to the lenders twice a month, and will pay a 2% fee on the balance then owing. In return the lenders waived any default that may have existed at June 30, 2014 under Section 6.18 of the credit agreement. The filing does not say what that section covers or why the waiver was needed.
2 June 2014director interest notice● Neutral
AMERICAN EAGLE ENERGY Corp CHIEF FINANCIAL OFFICER Kirk A Stingley sold 3,000 shares at $6.00.
14 May 2014quarterly activities report▼ Bad
AMERICAN EAGLE ENERGY Corp reported a quarterly net loss of $1.0 million for the period ended 2014-03-31.
28 Mar 2014asset acquisition disposition▲ GoodMajor
On March 27, 2014 the company closed the second Spyglass purchase from its joint venture partner, paying $47M ($45.75M after adjustments) in cash for 8,244 net acres and about 450 BOEPD, lifting its average working interest in the Spyglass Area from about 44% to 55%. This completes the option noted in earlier filings. Its obligations under the earlier Carry Agreement are now fully satisfied, a new joint operating agreement shrinks the area of mutual interest to the producing spacing units and extends it two years. It also paid about $7.5M for about 5,000 more net acres in the original West Spyglass area and changed the Farm-Out Agreement so it farms out 50% of its working interest in the sixth well and pays the other 50% itself.