26 Feb 2019director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 100,000 shares on the open market.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
20 Feb 2019director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 150,000 shares on the open market.
19 Feb 2019capital raising announcement● Neutral
More debt-for-stock swaps: 701,754 shares for $2.0 million of the 8% convertible notes due 2023 (Feb 12, 2019) and 410,757 shares for $1.25 million of 2021 notes (Feb 14, 2019). This is the first time the new convertible notes themselves were swapped for stock, continuing the program.
19 Feb 2019director interest notice● Neutral
Legacy Reserves Inc. Chief Financial Officer Robert L Norris received 496,894 shares as part of the equity award.
13 Feb 2019director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 175,000 shares on the open market.
5 Feb 2019substantial holder notice● Neutral
Baines Creek Partners, L.P, Baines Creek Special Purpose Partners, L.P, Baines Creek GP, L.P, Baines Creek SP GP, L.P, Baines Creek Capital, LLC, Kevin Tracy, Jeremy Carter, James Schumacher, Brian Williams reported a Legacy Reserves Inc. shareholding of 24,977,024 shares (22.80% of votes) in a periodic institutional filing.
5 Feb 2019substantial holder notice● Neutral
Baines Creek Partners, L.P, Baines Creek Special Purpose Partners, L.P, Baines Creek GP, L.P, Baines Creek SP GP, L.P, Baines Creek Capital, LLC, Kevin Tracy, Jeremy Carter, James Schumacher, Brian Williams reported a Legacy Reserves Inc. shareholding of 25,052,024 shares (22.90% of votes) in a periodic institutional filing.
25 Jan 2019capital raising announcement● Neutral
Two more debt-for-stock swaps of 2021 notes: 1,000,000 shares for $2.6 million (Dec 17, 2018) and 182,610 shares for $0.5 million (Jan 24, 2019). Another small step in the ongoing exchange program, adding shares.
18 Jan 2019director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 75,000 shares on the open market.
11 Jan 2019substantial holder notice● Neutral
Baines Creek Partners, L.P, Baines Creek Special Purpose Partners, L.P, Baines Creek GP, L.P, Baines Creek SP GP, L.P, Baines Creek Capital, LLC, Kevin Tracy, Jeremy Carter, James Schumacher, Brian Williams reported a Legacy Reserves Inc. shareholding of 24,902,024 shares (23.00% of votes) in a periodic institutional filing.
31 Dec 2018director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 470,786 shares on the open market.
17 Dec 2018director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 110,000 shares on the open market.
10 Dec 2018director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 383,751 shares on the open market.
10 Dec 2018capital raising announcement● Neutral
The company continued swapping debt for stock: 1,000,000 shares for $3.1 million of 2020 notes (Nov 21, 2018) and 1,000,000 shares for $2.7 million of 2021 notes (Dec 5, 2018). This extends the September exchanges, trimming debt a little and adding shares for existing shareholders to share the company with.
31 Oct 2018quarterly activities report▼ Bad
Legacy Reserves Inc. reported quarterly revenue of $145.2 million and a net loss of $47.9 million for the period ended 2018-09-30.
12 Oct 2018director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 50,000 shares on the open market.
11 Oct 2018securities registration● Neutral
Legacy Reserves Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
5 Oct 2018director interest notice● Neutral
Legacy Reserves Inc. 10%+ owner Baines Creek Capital, LLC bought 50,000 shares on the open market at $5.04.
4 Oct 2018business combination● NeutralMajor
The company says the corporate reorganization (merger plus the $3.0 million purchase of the general partner) was completed on September 20, 2018, resolving the open merger thread. Pro forma figures assume 106,276,784 shares outstanding, a 2017 loss of $53.9 million ($0.51 per share) and first-half 2018 income of $13.7 million ($0.13 per share); it expects about $30 million of revolver borrowing plus roughly 0.2 million shares to cover accelerated incentive-plan payouts. The filing was made ahead of an expected S-3 registration statement.
4 Oct 2018securities registration● Neutral
Legacy Reserves Inc. registered a securities offering with the SEC using its shelf eligibility.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. EVP and CDO Kyle A Mcgraw sold 176,957 shares at $4.68.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. President and CFO James Daniel Westcott sold 301,648 shares at $4.68.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. VP, GC and Secretary Dan G. Leroy sold 66,488 shares at $4.68.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. CAO and Controller Micah C. Foster sold 54,605 shares at $4.68.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. EVP and COO Kyle Hammond sold 360,866 shares at $4.68.
26 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. Chairman and CEO Paul T Horne sold 563,551 shares at $4.68.
24 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. EVP and COO Kyle Hammond received 1,718,002 shares as part of the equity award.
24 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. VP, GC and Secretary Dan G. Leroy received 226,338 shares as part of the equity award.
24 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. Chairman and CEO Paul T Horne received 1,516,114 shares as part of the equity award.
24 Sept 2018director interest notice● Neutral
Legacy Reserves Inc. director G Larry Lawrence received 127,726 shares as part of the equity award.