13 Feb 2017substantial holder notice● Neutral
Capital International Investors ** reported a Cobalt International Energy, Inc. shareholding of 13,870,305 shares (3.30% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
10 Feb 2017substantial holder notice● Neutral
Hotchkis and Wiley Capital Management, LLC reported a Cobalt International Energy, Inc. shareholding of 62,894,088 shares (15.07% of votes) in a periodic institutional filing.
10 Feb 2017substantial holder notice● Neutral
The Vanguard Group reported a Cobalt International Energy, Inc. shareholding of 27,800,348 shares (6.66% of votes) in a periodic institutional filing.
9 Feb 2017substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a Cobalt International Energy, Inc. shareholding of 42,100,083 shares (10.09% of votes) in a periodic institutional filing.
30 Jan 2017substantial holder notice● Neutral
Carlson Capital, L.P, Asgard Investment Corp, Asgard Investment Corp. II, Clint D. Carlson disclosed a new substantial Cobalt International Energy, Inc. shareholding (6.87% of votes).
30 Jan 2017debt financing▼ Bad
A second exchange on the same pattern: $198 million of convertibles swapped for $139 million of second lien notes. Small reductions in face value, bought by giving away more security.
30 Jan 2017substantial holder notice● Neutral
BlackRock, Inc disclosed a new substantial Cobalt International Energy, Inc. shareholding (6.10% of votes).
13 Jan 2017securities registration● Neutral
Cobalt International Energy, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. insider James W. Farnsworth sold 21,545 shares at $1.24.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. President-Explr. and Appraisal James H. Painter sold 21,534 shares at $1.24.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. director Van P. Whitfield received 39,514 shares as part of the equity award.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. director Jon A Marshall received 23,622 shares as part of the equity award.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. director Myles W Scoggins received 23,622 shares as part of the equity award.
4 Jan 2017director interest notice● Neutral
Cobalt International Energy, Inc. director Martin H Young Jr. received 19,685 shares as part of the equity award.
22 Dec 2016securities registration● Neutral
Cobalt International Energy, Inc. registered a securities offering with the SEC using its shelf eligibility.
7 Dec 2016capital raising announcement▼ BadMajor
Restructured out of court: a group of convertible holders lent $500 million of new first lien secured money and swapped $712 million of their convertibles for $585 million of second lien notes plus 30 million shares. Unsecured lenders had become secured lenders standing ahead of the shareholders, and the new money bought about a year.
5 Dec 2016director interest notice● Neutral
Cobalt International Energy, Inc. director Van P. Whitfield sold 413,084 shares at $1.37.
4 Nov 2016quarterly activities report▼ Bad
Cobalt International Energy, Inc. reported quarterly revenue of $7.8 million and a net loss of $1872.9 million for the period ended 2016-12-31.
1 Nov 2016quarterly activities report▼ Bad
Cobalt International Energy, Inc. reported quarterly revenue of $7.8 million and a net loss of $1872.9 million for the period ended 2016-12-31.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director Martin H Young Jr. received 20,000 shares as part of the equity award.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director John E Hagale received 20,000 shares as part of the equity award.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director Myles W Scoggins received 25,332 shares as part of the equity award.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director Kenneth W Moore received 20,000 shares as part of the equity award.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director Jon A Marshall received 24,000 shares as part of the equity award.
4 Oct 2016director interest notice● Neutral
Cobalt International Energy, Inc. director William P Utt received 21,000 shares as part of the equity award.
16 Sept 2016material agreement▼ BadMajor
Paid Rowan roughly $96 million in three instalments to cut the drillship contract short by ten months, and promised Rowan five years of exclusive drilling work in return for waiving the termination fee. Cobalt was paying cash it did not have to stop drilling - the 2013 rig commitment had turned into a liability with no matching programme.
23 Aug 2016material agreement termination▼ BadMajor
The $1.75 billion Angola sale died automatically on its first anniversary because the Angolan government never granted approval. Cobalt had to hand back Sonangol's $250 million deposit, was left holding blocks whose licences were about to expire, and had lost the single transaction the whole balance sheet depended on.
17 Aug 2016director interest notice● Neutral
Rodney M. Skaufel became a Cobalt International Energy, Inc. President, Operations and company insider (initial ownership filing).
17 Aug 2016director interest notice● Neutral
Cobalt International Energy, Inc. Chief Executive Officer Timothy J. Cutt bought 100,000 shares on the open market at $1.00.
17 Aug 2016director interest notice● Neutral
Cobalt International Energy, Inc. President, Operations Rodney M. Skaufel received 156,250 shares as part of the equity award.