Past year: ▼ 31%(6.41 – 12.82 USD)
Each one in plain English, with the numbers worked through for a shareholder.
20 Oct 2015material agreement● NeutralMajor
On Oct 15, 2015 Carrizo agreed to sell 6,325,000 common shares at $37.80 per share to the company through Credit Suisse and Citigroup; the underwriters exercised their 825,000-share option in full on Oct 16. Proceeds are to repay revolver debt, with the rest for general purposes including possible Permian Basin acquisitions. Closing was expected Oct 21, 2015. Existing shareholders are diluted, and the price is below the $44.75 paid in March 2015.
19 Oct 2015securities registration● Neutral
CARRIZO OIL & GAS INC filed a prospectus supplement for an offering off its existing shelf.
15 Oct 2015securities registration● Neutral
CARRIZO OIL & GAS INC filed a prospectus supplement for an offering off its existing shelf.
15 Oct 2015production update● NeutralMajor
Carrizo estimated Q3 2015 production at 35,948 Boe/d, above its 33,133-34,300 guidance, and raised 2015 oil guidance to 22,750-22,850 Bbls/d. It expects a Q3 after-tax full cost ceiling impairment of $550.0M-$650.0M, which the filing attributes primarily to the significant drop in crude oil prices beginning in Q4 2014. The agent recommended keeping the borrowing base at $685.0M and loosening the Total Debt/EBITDA covenant to 4.75x through 2016, subject to lender approval. Carrizo closed a small Permian bolt-on and is negotiating more Delaware Basin acquisitions, with no agreements signed. It also added 2016 oil swaps of 8,000 Bbls/d at about $60.03 and sold calls for 2017-2020.
9 Oct 2015substantial holder notice● Neutral
BlackRock, Inc reported a CARRIZO OIL & GAS INC shareholding of 5,649,591 shares (10.90% of votes) in a periodic institutional filing.
7 Oct 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
10 Sept 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Roger A Ramsey sold 1,000 shares at $36.00.
10 Sept 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
11 Aug 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Frank A Wojtek sold 2,500 shares at $35.76.
7 Aug 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
6 Aug 2015quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $707.6 million for the period ended 2015-09-30.
6 Aug 2015quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $707.6 million for the period ended 2015-09-30.
8 July 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Roger A Ramsey sold 1,000 shares at $45.00.
8 July 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
18 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson exercised stock options for 44,762 shares and disposed of 89,524 shares.
12 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC Vice President - Land Smith Richard H sold 11,789 shares at $53.00.
9 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Roger A Ramsey sold 1,000 shares at $49.11.
9 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC Vice President - Land Smith Richard H exercised stock options for 15,111 shares and disposed of 21,306 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Operating Officer John Bradley Fisher exercised stock options for 39,104 shares and disposed of 55,137 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson exercised stock options for 60,148 shares and disposed of 84,809 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Accounting Officer Conaway Gregory F exercised stock options for 2,759 shares and disposed of 3,918 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC VP & Chief Financial Officer Pitts David L. exercised stock options for 20,804 shares and disposed of 30,785 shares.
2 June 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Steven A Webster exercised stock options for 3,848 shares and disposed of 3,848 shares.
22 May 2015agm 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).
7 May 2015director interest notice● Neutral
CARRIZO OIL & GAS INC director Roger A Ramsey sold 1,000 shares at $55.77.
7 May 2015quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $46.1 million for the period ended 2015-06-30.
7 May 2015director interest notice● Neutral
CARRIZO OIL & GAS INC President and CEO S P IV Johnson sold 6,000 shares.
6 May 2015quarterly activities report▼ Bad
CARRIZO OIL & GAS INC reported a quarterly net loss of $46.1 million for the period ended 2015-06-30.
28 Apr 2015debt financing● NeutralMajor
The $650.0M 6.25% Senior Notes due 2023 closed April 28, 2015, as unsecured notes guaranteed by subsidiaries, maturing April 15, 2023. The tender offer for the 8.625% Senior Notes due 2018 expired April 23, 2015, and Carrizo accepted $264,202,000 of principal for payment. This completes the new notes sale and tender announced April 16; the filing does not say what happens to the remaining 8.625% notes, so the conditional redemption outcome is not shown here.
