29 Mar 2024director interest notice● Neutral
BATTALION OIL CORP insider Luminus Management LLC received a stock option grant for 9,835 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
29 Mar 2024substantial holder notice● Neutral
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 14,838,161 shares (59.00% of votes) in a periodic institutional filing.
29 Mar 2024substantial holder notice● Neutral
OCM HLCN Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, Brookfield OCM Holdings II, LLC, Brookfield OCM Holdings, LLC, Brookfield Oaktree Holdings, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a BATTALION OIL CORP shareholding of 8,911,940 shares (41.68% of votes) in a periodic institutional filing.
29 Mar 2024substantial holder notice● Neutral
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 5,716,474 shares (28.90% of votes) in a periodic institutional filing.
29 Mar 2024director interest notice● Neutral
BATTALION OIL CORP insider Gen IV Investment Opportunities, LLC received a stock option grant for 3,789 shares.
29 Mar 2024director interest notice● Neutral
BATTALION OIL CORP insider Brookfield Oaktree Holdings, LLC received a stock option grant for 6,376 shares.
28 Mar 2024agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
28 Mar 2024capital raising announcement▼ BadMajor
The same three insider shareholders bought a further $19.5 million of new Series A-3 Preferred Stock on the same terms, again to cover working capital and debt service - a third insider-funded round (a Series A-2 round, not covered here, fell between the two).
16 Feb 2024business combination▼ BadMajor
A third amendment to the merger agreement raised the cash Fury must escrow if the deal fails and cut Battalion's termination fee to essentially zero (rising to $3.5 million only if Fury fully funds the escrow) - shifting almost all financial risk of a broken deal onto Fury.
12 Feb 2024business combination● NeutralMajor
An amended 13E-3 filing added Fury Resources affiliate Ruckus Energy Holdings and Battalion's own CEO Richard Little as additional filing persons - meaning Battalion's CEO has a financial stake on the buyer's side of the deal - and disclosed that board advisors valued the $9.80 offer at a 59% premium to the pre-announcement share price.
7 Feb 2024agm 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).
6 Feb 2024agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
6 Feb 2024business combination▼ BadMajor
A second amendment to the merger agreement required Fury to put more cash into escrow while cutting Battalion's own termination fee from $8 million to $3.5 million - terms increasingly favorable to Battalion, suggesting Fury was under pressure to keep the deal together.
2 Feb 2024substantial holder notice● Neutral
THE GOLDMAN SACHS GROUP, INC., GOLDMAN SACHS & CO. LLC reported a BATTALION OIL CORP shareholding of 652,470 shares (4.00% of votes) in a periodic institutional filing.
29 Jan 2024agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
29 Jan 2024quarterly activities report● Neutral
BATTALION OIL CORP reported a quarterly net income of $32.7 million for the period ended 2023-12-31.
24 Jan 2024agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
24 Jan 2024business combination▼ BadMajor
Battalion and Fury Resources amended their merger agreement to push the outside closing date from April to June 2024 and restructure the escrow deposits securing Fury's obligations - an early sign the deal was slipping behind schedule.
12 Jan 2024business combination● NeutralMajor
Battalion, Luminus and Oaktree jointly filed the formal Schedule 13E-3 going-private disclosure for the Fury Resources merger, valuing the deal at roughly $162.9 million for the shares not already held by the company or its rollover investors.
12 Jan 2024business combination▲ GoodMajor
Battalion filed its preliminary proxy statement for the Dec 14, 2023 take-private merger with Fury Resources, at $9.80 per share in cash (an 85.6% premium to the $5.28 closing price on Dec 14, 2023). Luminus and Oaktree, which own about 61.6% of the common stock, agreed to vote shares representing about 38% in favor and to roll their preferred stock into Fury. A stockholder vote is required, and the deal was still pending.
9 Jan 2024listing compliance notice▼ Bad
NYSE American flagged Battalion for a governance lapse - it hadn't held its 2022 fiscal-year annual shareholder meeting by the required deadline - and the company rescheduled the meeting for February 7, 2024 to cure it.
28 Dec 2023agm 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).
28 Dec 2023agm notice● Neutral
BATTALION OIL CORP announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
19 Dec 2023substantial holder notice● Neutral
OCM HLCN Holdings, L.P, Oaktree Fund GP, LLC, Oaktree Fund GP I, L.P, Oaktree Capital I, L.P, OCM Holdings I, LLC, Oaktree Holdings, LLC, Oaktree Capital Group, LLC, Oaktree Capital Group Holdings GP, LLC, Brookfield Corporation, BAM Partners Trust reported a BATTALION OIL CORP shareholding of 7,881,798 shares (38.70% of votes) in a periodic institutional filing.
19 Dec 2023director interest notice● Neutral
BATTALION OIL CORP insider Gen IV Investment Opportunities, LLC received a stock option grant for 6,630 shares.
19 Dec 2023substantial holder notice● Neutral
GEN IV INVESTMENT OPPORTUNITIES, LLC, LSP GENERATION IV, LLC, LSP INVESTMENT ADVISORS, LLC reported a BATTALION OIL CORP shareholding of 5,088,092 shares (26.50% of votes) in a periodic institutional filing.
19 Dec 2023substantial holder notice● Neutral
LUMINUS MANAGEMENT, LLC, LUMINUS ENERGY PARTNERS MASTER FUND, LTD, JONATHAN BARRETT reported a BATTALION OIL CORP shareholding of 13,207,104 shares (56.20% of votes) in a periodic institutional filing.
19 Dec 2023director interest notice● Neutral
BATTALION OIL CORP insider Luminus Management LLC received a stock option grant for 17,211 shares.
19 Dec 2023director interest notice● Neutral
BATTALION OIL CORP insider Oaktree Capital Group, LLC received a stock option grant for 11,159 shares.
18 Dec 2023business combination▲ GoodMajor
Battalion agreed to be taken private by Fury Resources for $9.80 per common share in cash; existing preferred holders Luminus Energy Partners and Oaktree (OCM HLCN Holdings) agreed to roll their stakes into the buyer rather than cash out. The deal carries an $8 million break fee if Battalion walks away and a $10-20 million reverse fee if Fury's financing falls through.