7 Nov 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP and Controller Joan C Sonnen bought 3,000 shares on the open market at $4.60.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Nov 2012quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $77.7 million and a net loss of $32.6 million for the period ended 2012-09-30.
1 Nov 2012quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $77.7 million and a net loss of $32.6 million for the period ended 2012-09-30.
22 Oct 2012material agreement● Neutral
On October 18, 2012 underwriters exercised in full their option to buy 1,200,000 extra Penn Virginia common shares, closed October 22, 2012 for about $5.7 million of net proceeds. This adds to the 8,000,000-share offering at $5.00 per share completed October 17, so shareholders are diluted by 9.2 million new shares in total; the filing does not state what the money will be used for.
15 Oct 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. filed a prospectus supplement for an offering off its existing shelf.
15 Oct 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. filed a prospectus supplement for an offering off its existing shelf.
12 Oct 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. filed a free-writing prospectus - marketing material for an offering in progress.
9 Oct 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. filed the final prospectus for a registered offering.
9 Oct 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. filed the final prospectus for a registered offering.
2 Oct 2012debt financing▲ GoodMajor
On September 28, 2012 Penn Virginia replaced its August 2011 JPMorgan credit agreement with a new Wells Fargo-led five-year secured revolver: $300 million commitments, $300 million initial borrowing base (the release says $70 million higher than before), maturing September 28, 2017. The leverage cap stays at 4.5x through December 31, 2013, then eases to 4.25x through June 30, 2014 and 4.0x after. The release says $77 million was drawn, about $4 million cash was on hand after a $32 million tax refund, and cash plus availability is about $225 million.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received 3,225 shares as part of the equity award.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 3,125 shares and a 3,125-share option grant as part of the equity award.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 3,225 shares.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marcke De Lummen Philippe Van received 3,225 shares as part of the equity award.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 3,225 shares as part of the equity award.
1 Oct 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 3,225 shares as part of the equity award.
17 Sept 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman sold 20,000 shares at $7.18.
17 Aug 2012securities registration● Neutral
BAYTEX ENERGY USA, INC. registered a securities offering with the SEC using its shelf eligibility.
2 Aug 2012quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $76.8 million and a net loss of $5.6 million for the period ended 2012-06-30.
2 Aug 2012material agreement● NeutralMajor
The $100.0 million sale of the Kentucky, Virginia and West Virginia assets to EnerVest closed on July 31, 2012. An amendment signed at closing excluded some assets subject to exercised preferential purchase rights or missing assignment consents; the filing does not say how that changes the price.
2 Aug 2012quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $76.8 million and a net loss of $5.6 million for the period ended 2012-06-30.
18 July 2012material agreement● NeutralMajor
On July 16, 2012 Penn Virginia agreed to sell all its Kentucky, Virginia and West Virginia oil and gas assets to EnerVest funds for $100.0 million cash, with closing expected before mid-August. The press release says the properties made about 20 MMcfe/day in June 2012 (almost all gas), carried 105.7 Bcfe of proved reserves at year-end 2011, and that proceeds help fund 2012 capex, reduce debt and fund Eagle Ford investment. It also says the Canonsburg office will close and that the Mid-Continent assets will be kept after bids were unacceptable, reversing the earlier plan to sell them.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marcke De Lummen Philippe Van received 2,724 shares as part of the equity award.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 2,640 shares and a 2,640-share option grant as part of the equity award.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received 2,724 shares as part of the equity award.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 2,724 shares.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 2,724 shares as part of the equity award.
2 July 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received 2,724 shares as part of the equity award.
11 May 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. VP, Regional Manager John A Brooks bought 1,000 shares on the open market at $5.79.
3 May 2012quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $84.4 million and a net loss of $11.9 million for the period ended 2012-03-31.