27 Oct 2020director interest notice● Neutral
California Resources Corp director Anita M. Powers disposed of 13,231 shares via option/appreciation-right settlement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
27 Oct 2020director interest notice● Neutral
California Resources Corp EVP - Operations & Engineering Shawn M. Kerns disposed of 355 shares via option/appreciation-right settlement.
27 Aug 2020director interest notice● Neutral
California Resources Corp EVP - Operations & Engineering Shawn M. Kerns sold 62,466 shares at $0.10.
24 Aug 2020director interest notice● Neutral
California Resources Corp SVP - Finance Roy Pineci sold 38,225 shares at $0.11.
19 Aug 2020director interest notice● Neutral
California Resources Corp President and CEO Todd A. Stevens sold 276,736 shares at $0.11.
12 Aug 2020director interest notice● Neutral
California Resources Corp director William E Albrecht sold 88,821 shares at $0.18.
6 Aug 2020quarterly activities report▼ Bad
California Resources Corp reported quarterly revenue of $276.0 million and a net loss of $271.0 million for the period ended 2020-06-30.
31 July 2020listing compliance notice● NeutralMajor
California Resources Corp's exchange filed to remove a class of its securities from listing.
24 July 2020material agreement● Neutral
As part of its bankruptcy restructuring, CRC formalized the backstop commitments for its planned equity rights offering, securing the capital needed to fund its reorganization plan.
17 July 2020listing compliance notice▼ BadMajor
NYSE notified CRC it would delist the company's stock following its bankruptcy filing and move to deregister the shares from public trading.
16 July 2020bankruptcy or receivership▼ BadMajor
CRC filed for Chapter 11 bankruptcy, entering a pre-arranged restructuring backed by holders of most of its term loans and its Elk Hills joint-venture partner Ares Management that will erase over $5 billion of debt, funded by $1.1 billion of debtor-in-possession financing.
13 July 2020material agreement▼ Bad
Lenders extended the forbearance deadline once more, days before CRC ultimately filed for Chapter 11 bankruptcy protection.
8 July 2020material agreement▼ Bad
CRC's lenders extended the forbearance period yet again as restructuring negotiations continued.
2 July 2020material agreement▼ Bad
Lenders extended the forbearance deadline again and agreed to also cover a newly disclosed asset-coverage-ratio breach as CRC's restructuring talks continued.
15 June 2020material agreement▼ Bad
CRC's lenders extended the forbearance deadline, giving the company more time before they could act on its loan defaults.
8 June 2020material agreement▼ BadMajor
CRC entered forbearance agreements with the large majority of its lenders after breaching covenants on its 2014 and 2016 credit facilities, buying time to negotiate debt relief as the oil-price crash hit its balance sheet.
6 May 2020material agreement▼ Bad
As oil prices collapsed in the COVID-19 downturn, CRC amended its 2014 credit facility to delay a borrowing-base review and voluntarily cut its revolver capacity from $1 billion to $900 million.
27 Mar 2020securities registration● Neutral
California Resources Corp amended an already-effective registration statement.
27 Mar 2020securities registration● Neutral
California Resources Corp amended an already-effective registration statement.
26 Feb 2020securities registration● Neutral
California Resources Corp amended its automatic shelf registration statement.
26 Feb 2020securities registration● Neutral
California Resources Corp amended an already-effective registration statement.
26 Feb 2020securities registration● Neutral
California Resources Corp amended an already-effective registration statement.
14 Feb 2020substantial holder notice● Neutral
Masters Capital Management, LLC, Michael Masters disclosed a new substantial California Resources Corp shareholding (2.34% of votes).
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a California Resources Corp shareholding of 4,169,984 shares (8.48% of votes) in a periodic institutional filing.
5 Feb 2020substantial holder notice● Neutral
BlackRock, Inc reported a California Resources Corp shareholding of 3,419,493 shares (7.00% of votes) in a periodic institutional filing.
4 Nov 2019quarterly activities report● Neutral
California Resources Corp reported quarterly revenue of $681.0 million and net income of $94.0 million for the period ended 2019-09-30.
4 Nov 2019quarterly activities report● Neutral
California Resources Corp reported quarterly revenue of $681.0 million and net income of $94.0 million for the period ended 2019-09-30.
3 Sept 2019material agreement● Neutral
CRC amended its 2014 credit facility again, this time to allow flexibility for royalty-interest transactions.
15 Aug 2019securities registration● Neutral
California Resources Corp filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
1 Aug 2019quarterly activities report● Neutral
California Resources Corp reported quarterly revenue of $653.0 million and net income of $12.0 million for the period ended 2019-06-30.