3 Nov 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $356.2 million for the period ended 2011-09-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
3 Nov 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $356.2 million for the period ended 2011-09-30.
14 Oct 2011debt financing● Neutral
A Seventh Amendment to the credit agreement, dated October 12, 2011, raised the cap on senior unsecured notes from $1.9 billion to $2.5 billion and pushed the date for issuing notes without a borrowing-base reduction from May 1, 2012 to November 1, 2012. It also reaffirmed the existing $2.5 billion borrowing base. No new borrowing or note issuance is reported in this filing.
26 Aug 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP, CFO & Treasurer Darin G Holderness had 1,822 shares withheld for taxes on vesting stock.
10 Aug 2011director interest notice● Neutral
CONCHO RESOURCES INC insider Tabor A Wellford bought 200 shares on the open market at $75.00.
9 Aug 2011director interest notice● Neutral
CONCHO RESOURCES INC insider Tabor A Wellford bought 200 shares on the open market.
5 Aug 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $356.2 million for the period ended 2011-09-30.
4 Aug 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP, CFO & Treasurer Darin G Holderness received 5,107 shares as part of the equity award.
3 Aug 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $356.2 million for the period ended 2011-09-30.
14 July 2011director interest notice● Neutral
CONCHO RESOURCES INC Vice President and CAO Mccormack Don O. had 262 shares withheld for taxes on vesting stock.
8 July 2011substantial holder notice● Neutral
Capital World Investors ** reported a CONCHO RESOURCES INC shareholding of 10,755,506 shares (10.40% of votes) in a periodic institutional filing.
6 June 2011agm 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).
2 June 2011director interest notice● Neutral
CONCHO RESOURCES INC director Puckett Mark B bought 6,000 shares on the open market at $92.00.
27 May 2011director interest notice● Neutral
CONCHO RESOURCES INC SVP & Chief Operating Officer Wright E Joseph exercised stock options for 94,976 shares and disposed of 247,952 shares.
27 May 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP - Exploration & Land Hyde Matthew Glover had 2,209 shares withheld for taxes on vesting stock.
25 May 2011director interest notice● Neutral
CONCHO RESOURCES INC director Keenan W Howard Jr. bought 20,000 shares on the open market at $90.32.
23 May 2011debt financing● NeutralMajor
Concho completed a public offering of $600 million of 6.5% Senior Notes due January 15, 2022 on May 23, 2011, guaranteed by its subsidiaries, with interest paid each January 15 and July 15 starting January 15, 2012. Certain underwriters' affiliates are credit-facility lenders and will receive part of the net proceeds; the filing does not state a specific use. It follows the December 2010 $600 million 7.0% notes and uses room created by the April 2011 credit amendment, which raised the notes cap to $1.9 billion.
23 May 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP - Exploration & Land Hyde Matthew Glover had 2,209 shares withheld for taxes on vesting stock.
19 May 2011securities registration● Neutral
CONCHO RESOURCES INC filed a free-writing prospectus - marketing material for an offering in progress.
19 May 2011securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
18 May 2011securities registration● Neutral
CONCHO RESOURCES INC filed the final prospectus for a registered offering.
6 May 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $232.2 million for the period ended 2011-06-30.
5 May 2011quarterly activities report● Neutral
CONCHO RESOURCES INC reported a quarterly net income of $232.2 million for the period ended 2011-06-30.
29 Apr 2011agm 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).
27 Apr 2011debt financing▲ GoodMajor
A Sixth Amendment to the credit agreement, dated April 25, 2011, extended maturity from July 31, 2013 to April 25, 2016 and raised the borrowing base from $2.0 billion to $2.5 billion. Interest spreads were lowered (Eurodollar 1.50%-2.50%, down from 2.00%-3.00%) and the cap on senior unsecured notes rose from $900 million to $1.9 billion, with no borrowing-base reduction for notes issued before May 1, 2012. The commitment size remains $2.0 billion, with the ability to grow to $2.5 billion if lenders agree. It also eases leverage-ratio and hedging rules around acquisitions.
14 Mar 2011director interest notice● Neutral
CONCHO RESOURCES INC Sr. VP, Gen. Counsel & Secy. Giraud C William sold 6,094 shares at $102.37.
8 Mar 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP - Exploration & Land Hyde Matthew Glover sold 5,884 shares.
4 Mar 2011director interest notice● Neutral
CONCHO RESOURCES INC director Ray M Poage sold 1,500 shares at $108.00.
3 Mar 2011director interest notice● Neutral
CONCHO RESOURCES INC Senior VP and Chief of Staff Jack F Harper exercised stock options for 67,500 shares and disposed of 135,000 shares.
2 Mar 2011director interest notice● Neutral
CONCHO RESOURCES INC director Tucker S Bridwell sold 10,000 shares at $108.13.