14 Oct 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 45,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
14 Oct 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Burk Victor bought 1,000 shares on the open market at $14.67.
8 Oct 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E bought 5,000 shares on the open market at $15.10.
8 Oct 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 20,000 shares on the open market.
7 Oct 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S bought 6,000 shares on the open market.
23 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A bought 3,000 shares on the open market at $19.27.
22 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 16,100 shares on the open market.
19 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S bought 3,000 shares on the open market.
19 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Senior Vice President Macaskie Kathryn S bought 1,000 shares on the open market.
19 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E bought 3,000 shares on the open market at $17.17.
16 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 5,000 shares on the open market at $20.40.
12 Sept 2008asset acquisition disposition● NeutralMajor
On September 8, 2008 the four acquisitions announced August 11 (San Juan Basin, Mid-Continent, Eastland County and West Virginia) closed for $173.5 million in cash plus 1,145,123 new common units issued to EnerVest, Ltd. The cash came from credit facility borrowings, and the new units add to the unit count, diluting other holders (inference). The press release says the borrowing base was increased to $525 million, within a $700 million maximum.
10 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 291,108 shares on the open market at $0.00.
10 Sept 2008director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A bought 112,654 shares on the open market at $0.00.
4 Sept 2008debt financing● NeutralMajor
On August 28, 2008 the partnership amended its credit facility to allow up to $700 million of borrowing, with a borrowing base initially $415 million, rising to $525 million once the San Juan Basin, Eastland County and Mid-Continent acquisitions announced August 11 close. This enlarges the October 2007 facility (max $500 million, base $275 million) and provides the financing for those deals.
15 Aug 2008material agreement● NeutralMajor
On August 11, 2008 the partnership agreed to buy San Juan Basin (Colorado/New Mexico) properties for $142.1 million from EnerVest-managed Fund IX, as part of four agreements totalling $202.7 million (the others are Mid-Continent, Eastland County Texas and West Virginia). They are to be funded first with credit facility borrowings, and EnerVest is to receive about $35 million of its proceeds in new common units if its investors consent (otherwise only about $5 million in units, the rest in cash). The filing also reports a Q2 2008 net loss of $99.5 million, which includes $118.1 million of non-cash unrealized derivative losses, and a planned distribution increase to $0.75 per unit for Q3 2008 with a further increase expected for Q4.
4 June 2008substantial holder notice● Neutral
Deutsche Bank AG* reported a Harvest Oil & Gas Corp. shareholding of 445,119 shares (3.75% of votes) in a periodic institutional filing.
16 May 2008asset acquisition disposition● NeutralMajor
On May 16, 2008 the partnership closed a $17.8 million purchase of oil properties in South Central Texas (Atascosa County), paid with cash and $17 million of borrowings, taking credit facility debt to $287 million. The filing also carries Q1 2008 results: a net loss of $24.7 million, which includes $40.3 million of non-cash unrealized losses on commodity derivatives, production of 4.92 Bcfe, and Adjusted EBITDA of $28.7 million. Management plans to recommend raising the quarterly distribution by $0.08 to $0.70 per unit for Q2 2008, the distribution increase flagged in earlier filings now with a figure.
24 Mar 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 4,000 shares on the open market.
24 Mar 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 44,400 shares on the open market.
14 Feb 2008substantial holder notice● Neutral
SWANK CAPITAL, LLC, SWANK ENERGY INCOME ADVISORS, LP, JERRY V. SWANK disclosed a new substantial Harvest Oil & Gas Corp. shareholding (9.10% of votes).
14 Feb 2008substantial holder notice● Neutral
ZLP Fund, L.P, Zimmer Lucas Partners, LLC, Zimmer Lucas Capital, LLC, Stuart J. Zimmer, Craig M. Lucas reported a Harvest Oil & Gas Corp. shareholding of 716,392 shares (6.10% of votes) in a periodic institutional filing.
13 Feb 2008substantial holder notice● Neutral
Lehman Brothers Holdings Inc, Lehman Brothers Inc, LB I Group Inc, Lehman Brothers MLP Opportunity Associates LLC, Lehman Brothers MLP Opportunity Associates LP, Lehman Brothers MLP Opportunity Fund LP, Lehman Brothers MLP Associates, L.P, Lehman Brothers MLP Partners, LP reported a Harvest Oil & Gas Corp. shareholding of 1,165,993 shares (9.80% of votes) in a periodic institutional filing.
5 Feb 2008substantial holder notice● Neutral
Deutsche Bank AG*, Deutsche Bank AG, London Branch disclosed a new substantial Harvest Oil & Gas Corp. shareholding (6.73% of votes).
23 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Lindahl III George bought 3,000 shares on the open market.
23 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B bought 10,000 shares on the open market.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. President and COO Houser Mark A exercised stock options for 10,000 shares and disposed of 10,000 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Executive Officer Walker John B exercised stock options for 10,000 shares and disposed of 10,000 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. director Encap Energy Capital Fund V L P exercised stock options for 698 shares.
18 Jan 2008director interest notice● Neutral
Harvest Oil & Gas Corp. Chief Financial Officer Mercer Michael E exercised stock options for 15,000 shares.