2 June 2022director interest notice● Neutral
HighPeak Energy, Inc. director Michael H. Gustin received 4,338 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 June 2022director interest notice● Neutral
HighPeak Energy, Inc. director Jay M. Chernosky received 3,615 shares as part of the equity award.
2 June 2022director interest notice● Neutral
HighPeak Energy, Inc. director Sharon F. Fulgham received 4,338 shares as part of the equity award.
2 June 2022director interest notice● Neutral
HighPeak Energy, Inc. director Larry Oldham received 4,555 shares as part of the equity award.
25 May 2022director interest notice● Neutral
HighPeak Energy, Inc. director Larry Oldham acquired 1,000 shares at $27.16 under a company stock plan.
17 May 2022quarterly activities report▼ Bad
HighPeak Energy, Inc. reported quarterly revenue of $92.2 million and a net loss of $16.5 million for the period ended 2022-03-31.
16 May 2022quarterly activities report▼ Bad
HighPeak Energy, Inc. reported quarterly revenue of $92.2 million and a net loss of $16.5 million for the period ended 2022-03-31.
16 May 2022quarterly activities report▼ Bad
HighPeak Energy, Inc. reported quarterly revenue of $92.2 million and a net loss of $16.5 million for the period ended 2022-03-31.
4 May 2022director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis received a stock option grant for 121,500 shares.
4 May 2022director interest notice● Neutral
HighPeak Energy, Inc. Chief Financial Officer Steven W Tholen received a stock option grant for 44,000 shares.
4 May 2022director interest notice● Neutral
HighPeak Energy, Inc. Chief Operating Officer Rodney L Woodard received a stock option grant for 63,000 shares.
4 May 2022director interest notice● Neutral
HighPeak Energy, Inc. Chief Executive Officer Jack Hightower received a stock option grant for 377,500 shares.
27 Apr 2022material agreement● NeutralMajor
On April 26, 2022 HighPeak agreed to buy oil and gas assets in Howard County, Texas from Hannathon Petroleum and other non-operated working interest owners for $255 million in cash plus about 3.78 million new shares, with an effective date of January 1, 2022 and closing expected early in Q3 2022. It also agreed to register the resale of the shares given to the sellers, and the share issue would dilute existing holders.
18 Apr 2022director interest notice● Neutral
HighPeak Energy, Inc. director Michael H. Gustin sold 14,500 shares.
18 Apr 2022director interest notice● Neutral
Keith E Forbes became a HighPeak Energy, Inc. Vice President and Controller and company insider (initial ownership filing).
18 Apr 2022director interest notice● Neutral
Larry Oldham became a HighPeak Energy, Inc. director and company insider (initial ownership filing).
13 Apr 2022dividend declaration● Neutral
The board approved another quarterly dividend of $0.025 per share, payable May 25, 2022 to holders of record on May 2, 2022. This is the same amount as the previous dividends.
30 Mar 2022substantial holder notice● Neutral
Alamo Borden County IV, LLC disclosed a new substantial HighPeak Energy, Inc. shareholding (6.70% of votes).
21 Mar 2022director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis sold 15,046 shares.
14 Mar 2022director interest notice● Neutral
HighPeak Energy, Inc. director Michael H. Gustin sold 8,000 shares at $22.66.
22 Feb 2022capital raising announcement● NeutralMajor
HighPeak closed the $225 million of 10.00% Senior Unsecured Notes due February 15, 2024 on February 16, 2022 (the Notes flagged in the Credit Suisse purchase agreement), with about $207.3 million net proceeds. Part of the proceeds paid off the debt outstanding under its bank credit facility, and the rest is for drilling, development and general purposes. It also agreed to buy oil and gas properties next to its Flat Top area (about 9,500 net acres, about 2,500 barrels of oil equivalent a day, about 40 drilling locations) for up to 7,733,333 new shares plus $4.0 million cash, expected to close in late Q1 / early Q2 2022; the new shares would dilute existing holders.
14 Feb 2022debt financing● NeutralMajor
On February 9, 2022 HighPeak signed a Third Amendment to its Fifth Third credit agreement, alongside a purchase agreement with Credit Suisse Securities as initial purchaser for "Notes" issued by HighPeak Energy Acquisition Corp. The amendment sets a springing maturity of October 1, 2023 if the Notes are not retired or refinanced by then, allows the Notes to be redeemed with refinancing, equity proceeds or cash, and replaces LIBOR with Term SOFR. The Notes' size and terms are not given in this filing. It will take effect on effectiveness, so the bank facility is being adjusted to sit alongside a new note issue.
11 Jan 2022dividend declaration▲ Good
On January 11, 2022 the board approved another quarterly dividend of $0.025 per common share, payable February 25, 2022 to holders of record on February 1, 2022. It is the same amount as the October 2021 dividend.
17 Dec 2021securities registration● Neutral
HighPeak Energy, Inc. registered a securities offering with the SEC using its shelf eligibility.
16 Dec 2021business combination● Neutral
HighPeak filed unaudited pro forma statements of operations for 2019 and 2020, showing results as if the August 2020 merger had happened on January 1, 2019. It adds historical-style financial information for the merger; the figures are in an exhibit not shown here, and the filing describes no new event.
16 Dec 2021securities registration● Neutral
HighPeak Energy, Inc. filed the final prospectus for a registered offering.
7 Dec 2021director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis bought 3,130 shares on the open market.
2 Dec 2021director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis bought 12,788 shares on the open market.
24 Nov 2021director interest notice● Neutral
HighPeak Energy, Inc. President Michael L. Hollis bought 366 shares on the open market at $4.45.
22 Nov 2021director interest notice● Neutral
HighPeak Energy, Inc. Chief Executive Officer Jack Hightower bought 7,335 shares on the open market.