19 Aug 2019director interest notice● Neutral
BATTALION OIL CORP director Ares Management LLC sold 4,045,000 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Aug 2019substantial holder notice● Neutral
AF IV Energy II AIV B, AF IV Energy II AIV A, SSF III Halcon AIV B, SSF III Halcon AIV, SSF IV Halcon AIV B, SSF IV Halcon AIV, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC, Ares Partners Holdco LLC reported a BATTALION OIL CORP shareholding of 17,788,676 shares (10.80% of votes) in a periodic institutional filing.
16 Aug 2019director interest notice● Neutral
BATTALION OIL CORP EVP and CLO David S Elkouri sold 7,302 shares at $0.12.
15 Aug 2019director interest notice● Neutral
BATTALION OIL CORP director Darryl Schall sold 84,127 shares at $0.12.
15 Aug 2019substantial holder notice● Neutral
Luminus Management, LLC, Luminus Energy Partners Master Fund, Ltd, Jonathan Barrett disclosed a new substantial BATTALION OIL CORP shareholding (9.90% of votes).
9 Aug 2019quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $56.4 million and a net loss of $640.8 million for the period ended 2019-06-30.
9 Aug 2019debt financing● NeutralMajor
To fund operations through its second bankruptcy, Halcón entered a $35 million junior secured debtor-in-possession loan with holders of its own 6.75% notes, structured to convert into a $750 million exit revolving credit facility once the case concluded.
8 Aug 2019substantial holder notice● Neutral
Fir Tree Capital Management LP reported a BATTALION OIL CORP shareholding of 3,382,582 shares (2.06% of votes) in a periodic institutional filing.
8 Aug 2019quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $56.4 million and a net loss of $640.8 million for the period ended 2019-06-30.
7 Aug 2019listing compliance notice● NeutralMajor
BATTALION OIL CORP's exchange filed to remove a class of its securities from listing.
7 Aug 2019bankruptcy or receivership▼ BadMajor
Halcón and all of its subsidiaries filed for Chapter 11 bankruptcy protection a second time on August 7, 2019, this time in the Southern District of Texas, to carry out the prepackaged plan agreed with noteholders days earlier; it expected to emerge within about 60 days.
7 Aug 2019listing compliance notice● NeutralMajor
BATTALION OIL CORP's exchange filed to remove a class of its securities from listing.
5 Aug 2019debt financing▼ BadMajor
Barely three years after emerging from its first bankruptcy, Halcón entered a second restructuring support agreement, this time with holders of 67.3% of its 6.75% notes due 2025, planning to file a second prepackaged Chapter 11 case in Houston by August 7, 2019.
1 Aug 2019material agreement▼ BadMajor
Halcón's lenders extended (from August 1 to August 8, 2019) a waiver of a looming leverage-ratio covenant default first granted in May 2019 - a sign the company was again bumping up against its debt covenants, just weeks after being delisted from the NYSE.
26 July 2019listing compliance notice▼ BadMajor
NYSE moved to actually delist Halcón this time, citing abnormally low trading prices; its stock and warrants were suspended on July 22, 2019 and began trading over-the-counter as HKRS/HKRSW the next day - the listing-compliance warnings of the prior four years finally resulted in delisting.
25 July 2019substantial holder notice● Neutral
Fir Tree Capital Management LP reported a BATTALION OIL CORP shareholding of 8,390,167 shares (5.11% of votes) in a periodic institutional filing.
10 July 2019substantial holder notice● Neutral
BlackRock, Inc reported a BATTALION OIL CORP shareholding of 3,060,673 shares (1.90% of votes) in a periodic institutional filing.
21 June 2019director interest notice● Neutral
Richard H Little became a BATTALION OIL CORP Chief Executive Officer and company insider (initial ownership filing).
31 May 2019listing compliance notice▼ BadMajor
NYSE again warned Halcón that its stock (averaging $0.99) had dropped below the $1.00 minimum price for continued listing, restarting the six-month cure period - the same warning it had already received and cured twice during its pre-bankruptcy distress in 2015-2016.
29 May 2019agm notice● Neutral
BATTALION OIL 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).
9 May 2019quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $51.9 million and a net loss of $336.6 million for the period ended 2019-03-31.
9 May 2019quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $51.9 million and a net loss of $336.6 million for the period ended 2019-03-31.
19 Apr 2019director interest notice● Neutral
BATTALION OIL CORP director Carin Marcy Barth received 10,568 shares as part of the equity award.
19 Apr 2019director interest notice● Neutral
Carin Marcy Barth became a BATTALION OIL CORP director and company insider (initial ownership filing).
18 Apr 2019substantial holder notice● Neutral
Fir Tree Capital Management LP reported a BATTALION OIL CORP shareholding of 8,390,167 shares (5.11% of votes) in a periodic institutional filing.
12 Apr 2019agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
11 Apr 2019substantial holder notice● Neutral
Morgan Stanley I.R.S. #, Morgan Stanley Capital Services LLC disclosed a new substantial BATTALION OIL CORP shareholding (5.20% of votes).
11 Apr 2019director interest notice● Neutral
BATTALION OIL CORP director Ares Management LLC bought 1,113,466 shares on the open market at $6.90.
11 Apr 2019director interest notice● Neutral
BATTALION OIL CORP director Ares Management LLC sold 4 shares at $4.86.
5 Apr 2019substantial holder notice● Neutral
AF IV Energy II AIV B, AF IV Energy II AIV A, SSF III Halcon AIV B, SSF III Halcon AIV, SSF IV Halcon AIV B, SSF IV Halcon AIV, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management Corporation, Ares Voting LLC, Ares Management GP LLC, Ares Partners Holdco LLC reported a BATTALION OIL CORP shareholding of 21,288,676 shares (13.30% of votes) in a periodic institutional filing.