Past year: ▲ 55%(5.94 – 11.50 USD)
Each one in plain English, with the numbers worked through for a shareholder.
12 Dec 2000listing compliance notice● NeutralMajor
Home-Stake deregistered both its common stock and preferred share purchase rights under Section 12(g), now operating from Cortez's Plano, Texas offices - confirming the Cortez acquisition had closed by year-end 2000 as planned.
10 Oct 2000business combination● Neutral
A duplicate re-filing of the same October 3, 2000 Cortez Oil & Gas merger announcement.
10 Oct 2000business combination● NeutralMajor
The signed Agreement and Plan of Merger among Cortez Oil & Gas, its acquisition subsidiary Cortez Acquisition Company, and Home-Stake was filed as an exhibit, along with separation agreements for departing Chairman/CEO Robert C. Simpson and officer Chris K. Corcoran.
4 Oct 2000business combination▲ GoodMajor
Home-Stake agreed to be acquired by Cortez Oil & Gas, Inc. for $11.00/share in cash; the Home-Stake board approved the deal unanimously, its own directors and their spouses (holding about 21.1% of the shares) committed to vote in favor, and Stephens Inc. served as the board's financial advisor. No further dividends would be paid pending the expected year-end 2000 closing.
30 Mar 2000annual report▲ GoodMajor
FY1999 net income rebounded to $2,374,632 (from the $4,732,213 loss in 1998) as crude oil prices recovered sharply (average sales price up 40% to $16.93/barrel).
22 Mar 2000securities registry admin● Neutral
Home-Stake registered the new Preferred Share Purchase Rights themselves (created by the renewed rights plan) as their own class of security under Exchange Act Section 12(g).
22 Dec 1999other material event● Neutral
A duplicate filing of the same November 4, 1999 shareholder rights plan renewal reported in the companion 8-K filed the same day.
22 Dec 1999other material event● Neutral
The board adopted a renewed shareholder rights plan ('poison pill'), replacing the one expiring January 3, 2000, with a new dividend of one preferred-share purchase right per common share, exercisable at $22.00.
15 Nov 1999securities registry admin● Neutral
Home-Stake registered 451,736 shares (already-outstanding stock options) under its 1997 Incentive Stock Plan, worth about $2.1 million at the then-current $4.70 share price.
30 Mar 1999annual report▼ BadMajor
FY1998 swung to a $4,732,213 net loss (from $2,162,482 net income in 1997), driven by a $4,775,867 impairment write-down of producing properties amid the industry-wide 1998 oil and gas price collapse, plus higher interest expense from financing the Bass Properties purchase; working capital showed a $900,000 deficit and the company needed a bank covenant waiver to keep paying dividends.
15 June 1998other● Neutral
An amendment adding the audited financial statements and pro forma information required for the Bass Properties acquisition, also disclosing the purchase was financed under an Amended and Restated Loan Agreement with NationsBank, N.A.
15 Apr 1998asset acquisition disposition▲ GoodMajor
Home-Stake bought the 'Bass Properties' - 18 non-operated producing gas properties across Oklahoma (led by the Wilburton Field in Latimer County, 99.6% of the value) from Sid R. Bass, Inc. et al. for about $6.6 million in a competitive-bid open sale, effective January 1, 1998; the properties held an estimated 6.4 Bcf of proved gas reserves.
30 Mar 1998annual report▲ GoodMajor
FY1997 net income (reported on a combined basis reflecting the just-completed HSRC merger) was $2,162,482.
8 Jan 1998asset acquisition disposition▲ GoodMajor
Shareholders of both companies approved the merger on December 11, 1997, and HSRC was merged into Home-Stake on December 31, 1997, with Home-Stake issuing about 2,742,203 new shares to former HSRC holders.
4 Nov 1997securities registration● Neutral
Home-Stake filed the final prospectus for the HSRC merger ahead of the November 20, 1997 special shareholder meetings.
21 Oct 1997business combination● Neutral
A second amendment, declared effective by the SEC on October 29, 1997, rescheduling the shareholder record date to November 3, 1997.
29 Sept 1997business combination● Neutral
An amendment to the same HSOG/HSRC merger registration.
20 Aug 1997business combination● NeutralMajor
Home-Stake proposed merging its long-affiliated equity investee, The Home-Stake Royalty Corporation (HSRC), into itself: HSRC holders would get 48.66 New HSOG shares per HSRC share and existing HSOG holders would get 30 New HSOG shares per old share (effectively a 30-for-1 split), pending shareholder votes at a special meeting.
26 Mar 1997annual report▲ GoodMajor
The Home-Stake Oil & Gas Company, incorporated in Oklahoma in 1917 (originally an oil/gas royalty and mineral-leasing business, later an active working-interest driller from the 1950s, credited with discovering several south-central Kansas oil fields), reported FY1996 net income up 236% to $1,437,674 (from $428,185 in 1995) on higher oil and gas prices; its long-standing equity affiliate, The Home-Stake Royalty Corporation (HSRC), separately earned $1,844,161.
