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Grizzly Energy, LLC

US:GRZZUUS:GRZZPUS:VNRBPUS:VNRUS:VNRCPUS:VNRRQUS:VNRRUS:VNRWQ
No current share price held for this company.

Past year: ▲ 0%(1.00c – 1.00c USD)

Market cap
—
Shares on issue
—
Story beats
49 since 2007
Last event
17 Oct 2019

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

13 Oct 2015substantial holder notice● Neutral

Montierra Minerals & Production, L.P, Montierra Management LLC, Natural Gas Partners VII, L.P, Natural Gas Partners VIII, L.P, NGP Income Management L.L.C, Eagle Rock Holdings NGP, ERH NGP, NGP Income Co-Investment Opportunities Fund II, L.P, NGP Energy Capital Management, L.L.C disclosed a new substantial Grizzly Energy, LLC shareholding (7.54% of votes).

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9 Oct 2015securities registration● Neutral

Grizzly Energy, LLC amended its automatic shelf registration statement.

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9 Oct 2015securities registration● Neutral

Grizzly Energy, LLC filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.

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8 Oct 2015asset acquisition disposition● NeutralMajor

Completed the Eagle Rock Energy Partners merger just three days after closing LRR Energy - two roll-up acquisitions finished in the same week, right as low oil prices were starting to strain its balance sheet.

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5 Oct 2015substantial holder notice● Neutral

Vanguard Natural Resources, LLC reported a Grizzly Energy, LLC shareholding of 100.00% of votes in a periodic institutional filing.

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5 Oct 2015agm notice● Neutral

Grizzly Energy, LLC 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).

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5 Oct 2015asset acquisition disposition● NeutralMajor

Completed the LRR Energy merger, issuing new units at the 0.550 exchange ratio and folding Lime Rock's oil and gas assets into the company.

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4 Sept 2015material agreement● Neutral

Filed a routine auditor consent letter from PricewaterhouseCoopers as part of its securities registration paperwork for the pending mergers.

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3 Sept 2015securities registration● Neutral

Grizzly Energy, LLC filed the final prospectus for a registered offering.

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3 Sept 2015securities registration● Neutral

Grizzly Energy, LLC filed the final prospectus for a registered offering.

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3 Sept 2015material agreement● Neutral

Rescheduled the annual meeting a second time, to October 5, 2015, again to meet proxy-mailing deadlines ahead of the Eagle Rock merger vote.

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4 Aug 2015quarterly activities report▼ Bad

Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.

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4 Aug 2015quarterly activities report▼ Bad

Grizzly Energy, LLC reported quarterly revenue of $155.2 million and a net loss of $462.3 million for the period ended 2015-09-30.

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8 July 2015material agreement● Neutral

Rescheduled its postponed annual meeting to September 17, 2015, to allow time to mail proxy materials covering the pending Eagle Rock merger vote.

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4 June 2015material agreement▼ BadMajor

Had its credit facility borrowing base cut from $2.0 billion to $1.6 billion and its debt-to-EBITDA covenant tightened for coming years - the first clear sign the 2014-15 oil price collapse was constraining the balance sheet it had built through years of acquisitions.

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27 May 2015business combination● Neutral

Amended its voting-support agreement with LRR Energy's unitholders to account for the newly announced Eagle Rock merger running in parallel.

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26 May 2015business combination● Neutral

Postponed its 2015 annual unitholder meeting so investors could also vote on issuing new units for the Eagle Rock merger.

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22 May 2015business combination● Neutral

Issued the joint press release announcing the Eagle Rock Energy Partners merger agreement alongside the same-day Form 8-K disclosing its terms.

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22 May 2015business combination● NeutralMajor

One month after agreeing to buy LRR Energy, announced a second roll-up - acquiring Eagle Rock Energy Partners for common units valued at about $614 million including assumed debt, at a 0.185 exchange ratio.

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4 May 2015quarterly activities report▼ Bad

Grizzly Energy, LLC reported quarterly revenue of $75.0 million and a net loss of $793.6 million for the period ended 2015-06-30.

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1 May 2015quarterly activities report▼ Bad

Grizzly Energy, LLC reported quarterly revenue of $75.0 million and a net loss of $793.6 million for the period ended 2015-06-30.

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29 Apr 2015substantial holder notice● Neutral

Vanguard Natural Resources, LLC disclosed a new substantial Grizzly Energy, LLC shareholding (30.50% of votes).

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22 Apr 2015business combination● Neutral

Filed the full LRR Energy merger agreement: each LRR unit converts into 0.550 Vanguard units, structured as a unit-for-unit roll-up rather than a cash deal.

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21 Apr 2015business combination● NeutralMajor

Announced a deal to acquire LRR Energy (Lime Rock Resources' public MLP) for common units valued at about $539 million including assumed debt - the first of two roll-up mergers announced within a month, even as low oil prices squeezed the sector.

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20 Apr 2015agm notice● Neutral

Grizzly Energy, LLC 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).

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25 Mar 2015director interest notice● Neutral

Grizzly Energy, LLC President and CEO Scott W Smith bought 26,035 shares on the open market at $14.22.

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25 Mar 2015director interest notice● Neutral

Grizzly Energy, LLC Executive VP and CFO Robert Richard A bought 20,610 shares on the open market at $14.22.

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25 Mar 2015director interest notice● Neutral

Grizzly Energy, LLC Executive VP, Operations Pence Britt bought 21,039 shares on the open market at $14.22.

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25 Mar 2015material agreement termination● Neutral

Formally terminated its 2013 at-the-market equity program, a housekeeping step that didn't affect the new one signed two weeks earlier.

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13 Mar 2015securities registration● Neutral

Grizzly Energy, LLC filed a prospectus supplement for an offering off its existing shelf.

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