Past year: ▼ 95%(0.25c – 7.40c USD)
Each one in plain English, with the numbers worked through for a shareholder.
28 Oct 2014capital raising announcement● Neutral
Bought Midland Basin acreage adjoining its own from Australia's Antares Energy for $50 million cash plus 4.3 million units. Management said openly it was in discussions to make the Permian position more "MLP friendly" - an acknowledgement that shale development did not fit a partnership built to pay out its cash flow.
27 Nov 2012capital raising announcement● Neutral
Agreed to buy Belridge field oil properties in Kern County, California, from American Energy Operations for $40 million cash plus 3.0 million units - about 825 barrels a day. Paying partly in units rather than cash was new, and a sign the revolver was already working hard.
