20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp CEO Robert D. Lawler bought 100,000 shares on the open market at $1.86.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director Archie W Dunham bought 1,200,000 shares on the open market at $2.22.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director Archie W Dunham bought 1,200,000 shares on the open market at $2.02.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Exploration & Production Frank J. Patterson bought 80,000 shares on the open market at $1.93.
20 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp Exec. Vice President & CFO Domenic J Dell'osso Jr. bought 50,000 shares on the open market at $1.88.
19 Dec 2018business combination● Neutral
The amendment carried the first amendment to the merger agreement, signed 12 December 2018, which does one thing: it drops the threshold in the termination-fee provision from 25% to 20% so it matches the definition of a competing proposal for Chesapeake elsewhere in the agreement. It also set the voting timetable -- 24 December 2018 for Chesapeake holders, 11 January 2019 for WildHorse -- with proxy solicitation beginning before WildHorse's record date, and the tax opinions were delivered.
18 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director R Brad Martin bought 25,000 shares on the open market at $2.35.
17 Dec 2018listing compliance notice● NeutralMajor
EXPAND ENERGY Corp's exchange filed to remove a class of its securities from listing.
13 Dec 2018director interest notice● Neutral
EXPAND ENERGY Corp director R Brad Martin bought 110,000 shares on the open market.
5 Dec 2018business combination● NeutralMajor
Registration statement and joint proxy for Chesapeake's purchase of WildHorse Resource Development, its move into the Eagle Ford. WildHorse holders elect either 5.336 Chesapeake shares plus $3.00 cash or 5.989 shares outright, worth about $22.85 and $22.28 respectively when the deal was signed on October 29, 2018; Goldman Sachs advised Chesapeake, and Chesapeake owes a $120 million reverse break fee if it is the side that fails to close.
5 Nov 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Gen'l Counsel & Corp. Sec. James R Webb bought 50,000 shares on the open market at $3.54.
30 Oct 2018business combination● NeutralMajor
Chesapeake agreed to acquire WildHorse Resource Development, an Eagle Ford/Austin Chalk operator in Texas, in a stock-and-cash deal - a bet on adding oil-weighted growth using proceeds from its recent Utica sale, even as it takes on more shares and debt.
30 Oct 2018quarterly activities report▼ Bad
EXPAND ENERGY Corp reported quarterly revenue of $2424.0 million and a net loss of $146.0 million for the period ended 2018-09-30.
30 Oct 2018business combination▲ GoodMajor
Alongside strong third-quarter 2018 results (record cash flow, oil production up 13%), Chesapeake disclosed the same-day WildHorse Resource Development merger agreement to investors.
29 Oct 2018asset acquisition disposition▲ GoodMajor
The Utica Shale sale to Encino closed for about $1.868 billion in net cash, completing the divestment Chesapeake announced in July and freeing up proceeds to pay down debt.
2 Oct 2018director interest notice● Neutral
EXPAND ENERGY Corp SVP & Chief Accounting Officer William M Buergler had 1,306 shares withheld for taxes on vesting stock.
27 Sept 2018debt financing● NeutralMajor
Chesapeake raised $1.25 billion in a public offering of new 7.00% notes due 2024 and 7.50% notes due 2026, continuing to refinance its debt load even as it kept a high-yield profile.
26 Sept 2018securities registration● Neutral
EXPAND ENERGY Corp filed a free-writing prospectus - marketing material for an offering in progress.
12 Sept 2018debt financing▲ GoodMajor
Chesapeake replaced its 2014 credit agreement with a new $3.0 billion facility (expandable to $4.0 billion) maturing in 2023, taking advantage of improved standing after the Utica sale and other debt paydowns.
21 Aug 2018director interest notice● Neutral
EXPAND ENERGY Corp director Mark A Edmunds received 21,772 shares as part of the equity award.
20 Aug 2018director interest notice● Neutral
Mark A Edmunds became a EXPAND ENERGY Corp director and company insider (initial ownership filing).
15 Aug 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP - Operations M. Jason Pigott had 19,631 shares withheld for taxes on vesting stock.
1 Aug 2018quarterly activities report▼ Bad
EXPAND ENERGY Corp reported quarterly revenue of $2289.0 million and a net loss of $249.0 million for the period ended 2018-06-30.
1 Aug 2018quarterly activities report▼ Bad
EXPAND ENERGY Corp reported quarterly revenue of $2289.0 million and a net loss of $249.0 million for the period ended 2018-06-30.
26 July 2018material agreement▲ GoodMajor
Chesapeake agreed to sell its Ohio Utica Shale acreage - about 320,000 net acres and roughly 750 wells - to Encino Acquisition Partners for approximately $1.9 billion, part of a shift away from gas-heavy Utica toward its oil-focused Powder River Basin and Eagle Ford positions.
2 July 2018director interest notice● Neutral
EXPAND ENERGY Corp EVP-Exploration & Production Frank J. Patterson had 26,194 shares withheld for taxes on vesting stock.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Gloria R. Boyland received 61,577 shares as part of the equity award.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Leslie Starr Keating received 61,577 shares as part of the equity award.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Luke R Corbett received 61,577 shares as part of the equity award.
22 May 2018director interest notice● Neutral
EXPAND ENERGY Corp director Archie W Dunham received 123,153 shares as part of the equity award.