4 Jan 2012director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 5,198 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Dec 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. VP & CFO Steven A. Hartman exercised stock options for 1,667 shares and disposed of 1,667 shares.
3 Nov 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.4 million and a net loss of $6.7 million for the period ended 2011-09-30.
3 Nov 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $83.4 million and a net loss of $6.7 million for the period ended 2011-09-30.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marcke De Lummen Philippe Van received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Robert Garrett received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received a stock option grant for 4,937 shares.
3 Oct 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 3,366 shares and a 4,937-share option grant as part of the equity award.
7 Sept 2011asset acquisition disposition● NeutralMajor
On August 31, 2011 Penn Virginia closed the sale of substantially all its Arkoma Basin assets and certain other Mid-Continent assets (Oklahoma and Texas counties) to Unit Petroleum for $30.5 million cash, subject to adjustment for a July 1, 2011 effective date. This completes the sale announced in the August 2011 agreement; the company says proceeds will help fund its 2011 capital plan and general purposes, and per the earlier terms the credit facility borrowing base now falls $20 million. Pro forma figures in the filing show cash rising about $28.7 million and property falling about $30.3 million.
22 Aug 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. VP and CFO Steven A. Hartman bought 1,000 shares on the open market at $9.00.
10 Aug 2011material agreement● Neutral
On August 5, 2011 Penn Virginia and JPMorgan partly cancelled the stock hedge and warrants tied to the 2012 convertibles, which had been mostly bought back in April. The call options were cut from 230,000 to 4,915 and the warrants from 1,593,072 to 34,043 shares, with JPMorgan paying the company $30,000. Completed August 10, 2011. This tidies up the convertible refinancing.
4 Aug 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $73.6 million and a net loss of $71.9 million for the period ended 2011-06-30.
4 Aug 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $73.6 million and a net loss of $71.9 million for the period ended 2011-06-30.
4 Aug 2011debt financing▲ GoodMajor
On August 2, 2011 Penn Virginia replaced its November 2009 credit agreement with a new five-year secured revolver (JPMorgan as agent): $300 million of commitments, an initial $400 million borrowing base, and an option to add up to $300 million. The leverage limit is 4.5x debt to EBITDAX, dropping to 4.0x from periods ending on or after September 30, 2013. The press release says nothing was drawn at June 30, 2011 and the borrowing base falls by $20 million when the Mid-Continent sale closes.
2 Aug 2011material agreement● NeutralMajor
On July 28, 2011 Penn Virginia agreed to sell substantially all its Arkoma Basin assets and some other Mid-Continent assets to Unit Petroleum for $30.5 million in cash, with closing expected around August 31, 2011. The company says the assets produce about 7.8 MMcfe/day (about 97% gas) and plans to use proceeds for its 2011 capital spending and general purposes, citing a shift of spending toward oil and liquids such as the Eagle Ford. The filing also records director pay changes (committee meeting fees eliminated, directors may elect shares or deferred units from 2012) and a code of ethics edit removing references to the PVG/PVR businesses divested in June 2010.
14 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO H Baird Whitehead exercised stock options for 15,000 shares and disposed of 15,000 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Robert Garrett received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marcke De Lummen Philippe Van received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 2,081 shares.
1 July 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 1,420 shares and a 2,081-share option grant as part of the equity award.
17 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and CEO H Baird Whitehead exercised stock options for 15,000 shares and disposed of 15,000 shares.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marcke De Lummen Philippe Van received a stock option grant for 1,639 shares.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received a stock option grant for 1,639 shares.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Steven W Krablin received a stock option grant for 1,639 shares.