Past year: ▼ 13%(41.51 – 75.78 USD)
Each one in plain English, with the numbers worked through for a shareholder.
17 Aug 2012debt financing● NeutralMajor
Concho sold $700 million of 5.5% Senior Notes due April 1, 2023 in a public offering, closing August 17, 2012. They are unsecured and guaranteed by subsidiaries. The filing says some underwriters' affiliates are credit facility lenders and will receive part of the proceeds; it does not state the use of proceeds beyond that. (Inference: this may relate to the borrowings used for Three Rivers, but the filing does not say so.)
15 Aug 2012securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
15 Aug 2012securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
14 Aug 2012securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
14 Aug 2012director interest notice● Neutral
CONCHO RESOURCES INC director Keenan W Howard Jr. received 2,500 shares as part of the equity award.
8 Aug 2012quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $6.0 million for the period ended 2012-09-30.
7 Aug 2012quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $6.0 million for the period ended 2012-09-30.
3 Aug 2012director interest notice● Neutral
CONCHO RESOURCES INC Senior VP, CFO & Treasurer Darin G Holderness had 621 shares withheld for taxes on vesting stock.
13 July 2012director interest notice● Neutral
CONCHO RESOURCES INC VP & Chief Accounting Officer Mccormack Don O. had 262 shares withheld for taxes on vesting stock.
2 July 2012asset acquisition disposition▲ GoodMajor
Concho closed the Three Rivers acquisition on July 2, 2012 for about $1.0 billion in cash, funded with credit facility borrowings, resolving the thread opened in May. The properties are in the Permian Basin of West Texas and Southeast New Mexico, including positions in the northern Delaware Basin, the Midland Basin Wolfberry and the emerging southern Midland Basin Wolfcamp and Cline shale plays.
12 June 2012director interest notice● Neutral
CONCHO RESOURCES INC insider Tucker S Bridwell sold 6,000 shares at $90.80.
5 June 2012debt financing● Neutral
Concho amended its credit agreement (Ninth Amendment, May 31, 2012) to raise lenders' total commitments from $2.0 billion to $2.5 billion. It can now borrow up to the full $2.5 billion borrowing base, which gives it more room to draw on the facility, as it intends to do for the Three Rivers purchase.
15 May 2012material agreement● NeutralMajor
Concho agreed on May 11, 2012 to buy all of Three Rivers Operating Company's oil and gas properties for about $1.0 billion in cash, to be funded with credit facility borrowings. Closing is expected on or before July 2, 2012, subject to due diligence, regulatory approval and other conditions, and Concho can walk away if defects and casualty losses exceed $150 million.
3 May 2012quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $319.3 million for the period ended 2012-06-30.
2 May 2012quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $319.3 million for the period ended 2012-06-30.
27 Apr 2012agm notice● Neutral
CONCHO RESOURCES 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).
16 Apr 2012debt financing● Neutral
Concho amended its bank credit agreement (Eighth Amendment, April 12, 2012), raising the cap on unsecured senior notes from $2.5 billion to $3.1 billion and pushing the no-borrowing-base-cut deadline for new notes from November 1, 2012 to May 1, 2013. The $2.5 billion borrowing base was reaffirmed. This updates the Seventh Amendment terms from October 2011.
19 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC SVP of Corporate Development Pruett Steven H received 20,000 shares as part of the equity award.
19 Mar 2012director interest notice● Neutral
Pruett Steven H became a CONCHO RESOURCES INC SVP of Corporate Development and company insider (initial ownership filing).
15 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC insider Tucker S Bridwell sold 5,000 shares at $101.09.
15 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC SVP & Chief Operating Officer Wright E Joseph exercised stock options for 23,091 shares and disposed of 46,182 shares.
14 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC Senior VP and Chief of Staff Jack F Harper exercised stock options for 127,317 shares and disposed of 254,634 shares.
14 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC Senior VP of Exploration Hyde Matthew Glover sold 17,520 shares.
13 Mar 2012director interest notice● Neutral
CONCHO RESOURCES INC Senior VP, CFO & Treasurer Darin G Holderness exercised stock options for 14,937 shares and disposed of 29,874 shares.
12 Mar 2012debt financing● NeutralMajor
Concho sold $600 million of 5.5% Senior Notes due October 1, 2022 in a public offering, closing March 12, 2012; this follows the shelf registration and prospectus filings of March 7-8. The notes are unsecured and guaranteed by its subsidiaries. The filing says underwriters' affiliates that lend under the credit facility will receive part of the proceeds; it does not otherwise state how the proceeds will be used.
8 Mar 2012securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
8 Mar 2012securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
7 Mar 2012securities registration● Neutral
CONCHO RESOURCES INC amended its automatic shelf registration statement.
7 Mar 2012securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
27 Feb 2012director interest notice● Neutral
CONCHO RESOURCES INC Senior VP, CFO & Treasurer Darin G Holderness had 506 shares withheld for taxes on vesting stock.
