16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Robert Garrett received a stock option grant for 1,639 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Edward B Cloues II received a stock option grant for 1,639 shares.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director John U Clarke received 729 shares and a 1,639-share option grant as part of the equity award.
16 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Gary K Wright received a stock option grant for 1,639 shares.
5 May 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $68.6 million and a net loss of $26.3 million for the period ended 2011-03-31.
5 May 2011quarterly activities report▼ Bad
BAYTEX ENERGY USA, INC. reported quarterly revenue of $68.6 million and a net loss of $26.3 million for the period ended 2011-03-31.
5 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. EVP, CAO, General Counsel Nancy M Snyder received a stock option grant for 2,084 shares.
5 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. Sr. VP, CFO, Treasurer Steven A. Hartman received a stock option grant for 1,471 shares.
5 May 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. President & CEO H Baird Whitehead received a stock option grant for 3,065 shares.
21 Apr 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 66 shares as part of the equity award.
14 Apr 2011debt financing● NeutralMajor
On April 13, 2011 Penn Virginia issued the $300 million of 7.25% senior notes due 2019, unsecured, with interest paid each April 15 and October 15 starting October 15, 2011. The tender offer for the 2012 convertibles expired April 12 with about $225.1 million (about 98%) accepted for roughly $233.0 million plus about $4.2 million accrued interest, leaving about $4.9 million of convertibles outstanding. This completes the refinancing started in March.
6 Apr 2011securities registration● Neutral
BAYTEX ENERGY USA, INC. filed a prospectus supplement for an offering off its existing shelf.
6 Apr 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 63 shares as part of the equity award.
6 Apr 2011material agreement● NeutralMajor
Penn Virginia priced an upsized $300 million offering of 7.25% senior notes due 2019 on April 5, 2011 (up from the $250 million planned), with estimated net proceeds of about $293.0 million. Part of the money is to fund the tender offer for the 2012 convertible notes, with the remainder for working capital; closing was expected April 13. The convertible tender offer was also extended to April 12, 2011, with about $225 million (about 98%) tendered as of April 5; the company said the lender consent condition was satisfied and it waived the financing condition. This continues the refinancing thread.
6 Apr 2011securities registration● Neutral
BAYTEX ENERGY USA, INC. filed a free-writing prospectus - marketing material for an offering in progress.
5 Apr 2011debt financing▲ GoodMajor
On April 4, 2011, about 98% of holders of the 10.375% Senior Notes due 2016 consented to loosen a covenant so the company can buy back the 2012 convertible notes, and the amendment was signed that day. The convertible tender offer was extended to April 11, 2011, with the noteholder consent condition now satisfied; about $225 million (about 98%) of the convertibles had been tendered as of April 4. The filing also lists net acres of 1,046.1 thousand at March 31, 2011, including 14.9 thousand in Eagle Ford, 56.1 thousand in Marcellus and 128.5 thousand in the Mid-Continent. This moves the refinancing thread forward but it is not yet complete.
5 Apr 2011debt financing● NeutralMajor
On April 5, 2011 Penn Virginia amended its November 2009 credit agreement with JPMorgan as agent so it can issue up to $300 million of additional unsecured notes and use the proceeds to retire the 2012 convertible notes in its tender offer. The lenders also postponed a 30% borrowing base cut on $230 million of the new notes until the tender offer completes. The company also announced plans for a $250 million offering of senior notes due 2019, part of which would fund the tender offer, with the rest for working capital. This continues the convertible refinancing started in March.
5 Apr 2011securities registration● Neutral
BAYTEX ENERGY USA, INC. filed the final prospectus for a registered offering.
4 Apr 2011agm notice● Neutral
BAYTEX ENERGY USA, INC. 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).
15 Mar 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman sold 11,800 shares at $14.93.
9 Mar 2011material agreement● NeutralMajor
On March 8, 2011 Penn Virginia launched a cash offer to buy back any and all of its $230 million of 4.50% Convertible Senior Subordinated Notes due 2012 at $1,027.50 per $1,000, plus accrued interest, with J.P. Morgan as dealer manager (fee $5 per $1,000 purchased). The stated purpose is to refinance the notes with new debt; the offer expires April 4, 2011 and depends on conditions including new debt financing and consent from revolver lenders and 10.375% 2016 noteholders.
8 Mar 2011securities registration● Neutral
BAYTEX ENERGY USA, INC. filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
1 Mar 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 61 shares as part of the equity award.
25 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. CEO A James Dearlove exercised stock options for 20,448 shares and disposed of 20,448 shares.
25 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. director Marsha Reines Perelman received 61 shares as part of the equity award.
25 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. EVP, CAO, General Counsel Nancy M Snyder exercised stock options for 9,447 shares and disposed of 9,447 shares.
25 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. President and COO H Baird Whitehead exercised stock options for 17,155 shares and disposed of 17,155 shares.
18 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. EVP, CAO, General Counsel Nancy M Snyder received a stock option grant for 82,384 shares.
18 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. President H Baird Whitehead received a stock option grant for 121,152 shares.
18 Feb 2011director interest notice● Neutral
BAYTEX ENERGY USA, INC. VP and Controller Joan C Sonnen received a stock option grant for 16,938 shares.