9 Oct 2020substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Callon Petroleum Co shareholding (10.00% of votes).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 Oct 2020capital raising announcement● NeutralMajor
On September 30, 2020, Callon sold $300 million of 9.00% second lien notes due 2025, plus warrants over 7,271,741 shares at $5.59646634 (up to 15% of fully diluted common stock), to a Kimmeridge Energy vehicle for $294 million. It also sold a 2.0% overriding royalty interest on its operated leases to a Kimmeridge affiliate for $140 million, and amended its revolving credit agreement (details truncated). Proceeds are meant to refinance debt and pay fees, and the royalty proceeds are meant to pay down the revolver. Warrants and the royalty sale mean existing shareholders could be diluted and give up some future revenue (inference).
21 Aug 2020director interest notice● Neutral
Callon Petroleum Co director S P Johnson IV sold 12,000 shares at $2.00.
11 Aug 2020director interest notice● Neutral
Callon Petroleum Co director Barbara J Faulkenberry bought 2,750 shares on the open market at $10.89.
7 Aug 2020security holder rights change● NeutralMajor
On August 7, 2020 Callon carried out a 1-for-10 reverse stock split of its common stock and cut authorised common shares to 52,500,000; fractional shares were paid out in cash. The Carrizo-era warrants' exercise price rose from $9.19 to $91.90. This follows through on the plan to cure the NYSE price-deficiency notice, though the filing does not say whether compliance was regained.
5 Aug 2020quarterly activities report▼ Bad
Callon Petroleum Co reported a quarterly net loss of $1564.7 million for the period ended 2020-06-30.
4 Aug 2020quarterly activities report▼ Bad
Callon Petroleum Co reported a quarterly net loss of $1564.7 million for the period ended 2020-06-30.
10 July 2020substantial holder notice● Neutral
BlackRock, Inc reported a Callon Petroleum Co shareholding of 38,542,309 shares (9.70% of votes) in a periodic institutional filing.
2 July 2020director interest notice● Neutral
Callon Petroleum Co President and CEO Joseph C. Gatto Jr. exercised stock options for 40,049 shares and disposed of 55,809 shares.
10 June 2020director interest notice● Neutral
Callon Petroleum Co director S P Johnson IV sold 12,000 shares at $2.00.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director James M Trimble received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Anthony J Nocchiero received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Frances Aldrich Sevilla-sacasa received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Michael L Finch received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Barbara J Faulkenberry received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Matthew Regis Bob received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director S P Johnson IV received a stock option grant for 63,527 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Steven A Webster received a stock option grant for 63,527 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director L Richard Flury received a stock option grant for 20,370 shares.
9 June 2020director interest notice● Neutral
Callon Petroleum Co director Larry D Mcvay received a stock option grant for 20,370 shares.
3 June 2020director interest notice● Neutral
Callon Petroleum Co President and CEO Joseph C. Gatto Jr. exercised stock options for 36,723 shares and disposed of 51,174 shares.
3 June 2020director interest notice● Neutral
Callon Petroleum Co SVP,General Counsel & Corp Sec Michol L Ecklund exercised stock options for 6,591 shares and disposed of 8,196 shares.
13 May 2020director interest notice● Neutral
Callon Petroleum Co President and CEO Joseph C. Gatto Jr. exercised stock options for 42,868 shares and disposed of 59,737 shares.
11 May 2020director interest notice● Neutral
Callon Petroleum Co director Larry D Mcvay exercised stock options for 24,076 shares and disposed of 24,076 shares.
11 May 2020director interest notice● Neutral
Callon Petroleum Co director Matthew Regis Bob exercised stock options for 24,076 shares and disposed of 24,076 shares.
11 May 2020quarterly activities report● Neutral
Callon Petroleum Co reported a quarterly net income of $216.6 million for the period ended 2020-03-31.
11 May 2020director interest notice● Neutral
Callon Petroleum Co director Barbara J Faulkenberry exercised stock options for 20,370 shares and disposed of 20,370 shares.
11 May 2020director interest notice● Neutral
Callon Petroleum Co director L Richard Flury exercised stock options for 24,076 shares and disposed of 24,076 shares.
11 May 2020director interest notice● Neutral
Callon Petroleum Co director Anthony J Nocchiero exercised stock options for 24,076 shares and disposed of 24,076 shares.
11 May 2020quarterly activities report● Neutral
Callon Petroleum Co reported a quarterly net income of $216.6 million for the period ended 2020-03-31.