7 Nov 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $81.3 million for the period ended 2018-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Nov 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $81.3 million for the period ended 2018-09-30.
1 Nov 2018material agreement▲ GoodMajor
On Oct 29, 2018 Carrizo amended its bank credit facility (thirteenth amendment), setting the borrowing base at $1.3 billion with a $1.1 billion commitment and lowering interest margins. It also confirmed it will redeem the remaining $130.0 million of 7.50% Senior Notes due 2020 on Nov 19, 2018 at 100% of principal plus accrued interest, mainly funded by revolver borrowings. This continues the debt clean-up of the 2020 notes started after the Eagle Ford sale.
16 Aug 2018material agreement● NeutralMajor
On Aug 14, 2018 Carrizo agreed to sell 9,500,000 new common shares to the public at $23.00 each ($22.5525 net) through Citigroup and Goldman Sachs, closing expected Aug 17, 2018. The money is meant to pay the closing price of a pending Delaware Basin purchase of about 10,600 gross (9,600 net) acres in Reeves and Ward Counties, Texas (a $21.5 million deposit was already paid), and for general corporate purposes. Existing shareholders are diluted by the new shares.
16 Aug 2018securities registration● Neutral
CARRIZO OIL & GAS INC filed a prospectus supplement for an offering off its existing shelf.
14 Aug 2018securities registration● Neutral
CARRIZO OIL & GAS INC filed a prospectus supplement for an offering off its existing shelf.
7 Aug 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $81.3 million for the period ended 2018-09-30.
6 Aug 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $81.3 million for the period ended 2018-09-30.
10 July 2018substantial holder notice● Neutral
NWQ Investment Management Company, LLC reported a CARRIZO OIL & GAS INC shareholding of 4,053,623 shares (4.94% of votes) in a periodic institutional filing.
22 June 2018substantial holder notice● Neutral
KEMC Fund IV GP, LLC reported a CARRIZO OIL & GAS INC shareholding of 0.10% of votes in a periodic institutional filing.
29 May 2018agm notice● Neutral
CARRIZO OIL & GAS 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).
9 May 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $35.3 million for the period ended 2018-06-30.
8 May 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $35.3 million for the period ended 2018-06-30.
23 Apr 2018agm notice● Neutral
CARRIZO OIL & GAS INC announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
5 Apr 2018substantial holder notice● Neutral
KEMC Fund IV GP, LLC disclosed a new substantial CARRIZO OIL & GAS INC shareholding (8.10% of votes).
1 Mar 2018substantial holder notice● Neutral
Dan H. Wilks, Staci Wilks, Wilks Brothers, LLC disclosed a new substantial CARRIZO OIL & GAS INC shareholding (3.68% of votes).
27 Feb 2018quarterly activities report● Neutral
CARRIZO OIL & GAS INC reported a quarterly net income of $27.5 million for the period ended 2018-03-31.
20 Feb 2018director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P Johnson IV sold 8,000 shares.
14 Feb 2018substantial holder notice● Neutral
Capital Research Global Investors ** reported a CARRIZO OIL & GAS INC shareholding of 2,950,985 shares (3.60% of votes) in a periodic institutional filing.
13 Feb 2018substantial holder notice● Neutral
NWQ Investment Management Company, LLC reported a CARRIZO OIL & GAS INC shareholding of 5,953,077 shares (7.31% of votes) in a periodic institutional filing.
8 Feb 2018substantial holder notice● Neutral
The Vanguard Group reported a CARRIZO OIL & GAS INC shareholding of 7,378,632 shares (9.05% of votes) in a periodic institutional filing.
7 Feb 2018substantial holder notice● Neutral
FRONTIER CAPITAL MANAGEMENT CO., LLC reported a CARRIZO OIL & GAS INC shareholding of 7,040,815 shares (8.62% of votes) in a periodic institutional filing.
6 Feb 2018asset acquisition disposition● NeutralMajor
The sale of part of Carrizo's Eagle Ford assets to EP Energy, agreed Dec 11, 2017 for $245.0 million, closed on Jan 31, 2018, with net proceeds of $236.2 million after preliminary adjustments (a $24.5 million deposit plus $211.7 million at closing). The proceeds were used to repay revolver borrowings pending redemption of 7.50% Senior Notes due 2020 called for Feb 18 and Mar 2, 2018, and the revolver borrowing base fell from $900.0 million to $830.0 million (commitment unchanged at $800.0 million). This resolves the pending EP Energy sale.
19 Jan 2018substantial holder notice● Neutral
BlackRock, Inc reported a CARRIZO OIL & GAS INC shareholding of 10,062,580 shares (12.40% of votes) in a periodic institutional filing.
18 Jan 2018director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P Johnson IV sold 8,000 shares.
19 Dec 2017director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P Johnson IV sold 8,000 shares at $18.57.
15 Dec 2017material agreement● NeutralMajor
On December 11, 2017 Carrizo agreed to sell part of its Eagle Ford assets to EP Energy E&P Company for about $245.0 million in cash, effective October 1, 2017, with closing expected in late January 2018 and no assurance on timing. Carrizo says it intends to use the net proceeds to retire debt. This is a disposal of part of its core Eagle Ford position, which it added to in 2016 with the Sanchez purchase; the filing does not say which acreage is included or how much production is being sold.
30 Nov 2017director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P Johnson IV sold 8,000 shares at $18.69.
9 Nov 2017quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $17.0 million for the period ended 2017-12-31.
7 Nov 2017quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $17.0 million for the period ended 2017-12-31.