Past year: ▼ 14%(1.00 – 5.52 USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Sept 2016substantial holder notice● Neutral
AF IV Energy II AIV B, Ares Management LLC, Ares Management Holdings L.P, Ares Holdco LLC, Ares Holdings Inc, Ares Management L.P, Ares Management GP LLC, Ares Partners Holdco LLC disclosed a new substantial BATTALION OIL CORP shareholding (20.30% of votes).
13 Sept 2016director interest notice● Neutral
Darryl Schall became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
Nathan Walton became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
William Jefferson Campbell became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
Michael Laurence Clark became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director David B Miller disposed of 37,451,668 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
Ares Management LLC became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP insider Pension Plan Investment Board Canada disposed of 10,166,950 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director Mark A. Welsh IV disposed of 35,000 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
Eric G. Takaha became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director Tucker S Bridwell disposed of 131,000 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director Michael Andrew Vlasic disposed of 93,081 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director Thomas R Fuller disposed of 73,127 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director James W Christmas disposed of 244,428 shares via option/appreciation-right settlement.
13 Sept 2016director interest notice● Neutral
Paul P Huffard IV became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
Ronald D. Scott became a BATTALION OIL CORP director and company insider (initial ownership filing).
13 Sept 2016director interest notice● Neutral
BATTALION OIL CORP director John Wat /adv Brown disposed of 24,101 shares via option/appreciation-right settlement.
9 Sept 2016bankruptcy or receivership▼ BadMajor
Halcón's pre-packaged Chapter 11 plan was confirmed on Sept 8, 2016 and took effect Sept 9, closing the bankruptcy filed July 27. The $600M debtor-in-possession loan rolled into an exit revolver with JPMorgan, and the $700M 8.625% and $112.8M 12% second-lien notes were reinstated. Third-lien noteholders received 76.5% of the new common stock plus $33.8M cash, unsecured noteholders 15.5% plus $37.6M cash and warrants, and the convertible noteholder 4% plus $15.0M cash. Preferred holders received a share of $11.1M cash, and existing common holders got a share of 4% of the new stock, with 90,000,002 shares outstanding. Warrants for 4,736,842 shares at $14.04 were issued. Old shareholders were heavily diluted, keeping only 4% of the reorganized company.
30 Aug 2016business combination● NeutralMajor
As required by its bankruptcy plan, Halcón disclosed that its entire board would be replaced with a new nine-member board once the plan took effect - the CEO plus three directors each designated by Ares Management and Franklin Advisers, the two largest holders of its third-lien notes - handing effective control of the reorganized company to those two creditors.
15 Aug 2016listing compliance notice▼ BadMajor
NYSE separately flagged that Halcón's market cap and stockholders' equity had fallen below the $50 million continued-listing minimum; Halcón said it expected to cure this once its restructuring plan closed.
2 Aug 2016debt financing● NeutralMajor
As part of the bankruptcy, Halcón secured a $600 million debtor-in-possession credit facility from JPMorgan and other lenders, structured to convert into a $600 million exit facility once it emerges from Chapter 11.
28 July 2016quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $106.1 million and a net loss of $374.3 million for the period ended 2016-06-30.
28 July 2016quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $106.1 million and a net loss of $374.3 million for the period ended 2016-06-30.
28 July 2016bankruptcy or receivership▼ BadMajor
Halcón and 20 subsidiaries filed for Chapter 11 bankruptcy protection in Delaware on July 27, 2016 to implement the pre-packaged plan its creditors had just approved, continuing to operate as debtor-in-possession.
25 July 2016material agreement▼ BadMajor
Creditors overwhelmingly approved Halcón's pre-packaged reorganization plan (99%+ support across every voting class), clearing the way for the bankruptcy filing; a separate lockup deal locked in support from holders of 51% of its 8.625% second-lien notes.
13 June 2016director interest notice● Neutral
Jon C. Wright became a BATTALION OIL CORP SVP, Operations and company insider (initial ownership filing).
13 June 2016material agreement▼ BadMajor
Halcón entered a restructuring support agreement with holders of 80% of its third-lien notes, 57% of its unsecured notes, 100% of the HALRES convertible note and 63% of its preferred stock, committing to a pre-packaged Chapter 11 bankruptcy filing by August 2, 2016 if the plan won creditor approval.
13 June 2016director interest notice● Neutral
Quentin R Hicks became a BATTALION OIL CORP SVP, Finance and Investor Rela and company insider (initial ownership filing).
2 June 2016listing compliance notice▼ BadMajor
NYSE again warned Halcón that its stock price (averaging $0.98) had fallen below the $1.00 continued-listing minimum, restarting the six-month cure clock.
9 May 2016quarterly activities report▼ Bad
BATTALION OIL CORP reported quarterly revenue of $81.3 million and a net loss of $540.0 million for the period ended 2016-03-31.
