2 Mar 2017director interest notice● Neutral
Pioneer PE Holding LLC director Jerry Windlinger bought 3,000 shares on the open market at $30.35.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
2 Mar 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Matthew Gallagher bought 32,985 shares on the open market.
23 Feb 2017quarterly activities report▼ Bad
Pioneer PE Holding LLC reported a quarterly net loss of $30.7 million for the period ended 2016-12-31.
21 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC director Jerry Windlinger received 2,667 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Mike Hinson received 9,416 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Bryan Sheffield received 51,789 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Brad C. Smith received 10,200 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC director Jerry Windlinger received 2,667 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Matthew Gallagher received 31,387 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Paul Treadwell received 9,416 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Colin Roberts received 12,554 shares as part of the equity award.
17 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Ryan Dalton received 21,971 shares as part of the equity award.
14 Feb 2017substantial holder notice● Neutral
TIAA-CREF Investment Management, LLC, Teachers Advisors, LLC disclosed a new substantial Pioneer PE Holding LLC shareholding (3.76% of votes).
14 Feb 2017substantial holder notice● Neutral
TIAA-CREF Investment Management, LLC, Teachers Advisors, LLC disclosed a new substantial Pioneer PE Holding LLC shareholding (3.76% of votes).
13 Feb 2017debt financing● NeutralMajor
Funding for the Double Eagle deal closed on Feb 13, 2017. The equity offering grew to 41,400,000 Class A shares after underwriters took their full 5,400,000-share option, for about $1,260.6 million net. The notes offering was $450.0 million of 5.250% senior notes due August 15, 2025 (about $444.2 million net), up from the $350 million first announced. Proceeds are meant for the cash part of the acquisition, with any leftover going to the capital program and general purposes. This dilutes existing shareholders and adds debt.
10 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Bryan Sheffield converted derivative holdings into 2,000,000 shares.
10 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Matthew Gallagher converted derivative holdings into 230,088 shares.
10 Feb 2017substantial holder notice● Neutral
The Vanguard Group reported a Pioneer PE Holding LLC shareholding of 12,505,669 shares (6.96% of votes) in a periodic institutional filing.
10 Feb 2017director interest notice● Neutral
Pioneer PE Holding LLC officer Ryan Dalton disposed of 416,099 shares via option/appreciation-right settlement.
9 Feb 2017securities registration● Neutral
Pioneer PE Holding LLC filed a prospectus supplement for an offering off its existing shelf.
7 Feb 2017securities registration● Neutral
Pioneer PE Holding LLC filed a free-writing prospectus - marketing material for an offering in progress.
7 Feb 2017capital raising announcement● NeutralMajor
Parsley agreed on Feb 7, 2017 to buy Double Eagle's Midland Basin assets (about 71,000 net acres and 3,300 net drilling locations) for roughly $2.8 billion: about $1.4 billion cash plus about 39.4 million PE Units with matching Class B shares, exchangeable into Class A shares after a 90-day lock-up. Closing is expected by April 20, 2017. To fund the cash part it launched a 36,000,000-share Class A offering (plus a 5,400,000-share option) and a planned $350 million senior notes private placement; neither offering is conditioned on the acquisition closing. This is far larger than the January 2017 deals and further dilutes existing shareholders.
7 Feb 2017securities registration● Neutral
Pioneer PE Holding LLC filed a prospectus supplement for an offering off its existing shelf.
3 Feb 2017substantial holder notice● Neutral
Bryan Sheffield reported a Pioneer PE Holding LLC shareholding of 37,087,455 shares (15.90% of votes) in a periodic institutional filing.
24 Jan 2017substantial holder notice● Neutral
Cognizant Holdings, Ltd, Integrated Assets, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander reported a Pioneer PE Holding LLC shareholding of 6,271,406 shares (3.10% of votes) in a periodic institutional filing.
12 Jan 2017securities registration● Neutral
Pioneer PE Holding LLC filed a prospectus supplement for an offering off its existing shelf.
12 Jan 2017material agreement● NeutralMajor
Parsley priced an upsized offering of 22,000,000 Class A shares on January 10, 2017, and underwriters took their full 3,300,000-share option, for 25,300,000 shares and about $863.0 million net, expected to close January 17, 2017. The money is to fund the Midland and Southern Delaware Basin acquisitions announced January 10, with the remainder for the capital program and general purposes. This is the equity funding for those acquisitions, and it dilutes existing shareholders.
10 Jan 2017securities registration● Neutral
Pioneer PE Holding LLC filed a prospectus supplement for an offering off its existing shelf.
10 Jan 2017material agreement termination▲ GoodMajor
The $61.8 million of 7.500% notes due 2022 left after the tender offer were redeemed in full on January 5, 2017, and their indenture was discharged on January 6, completing the refinancing started with the December 2016 5.375% notes. The same filing announces agreements to buy Midland and Southern Delaware Basin oil and gas interests for an aggregate $650 million in cash, a 2017 capital plan with expected production growth of almost 60% over 2016, and the launch of a 20,000,000-share Class A offering. The release gives $607 million for acreage and properties and $43 million for mineral interests already acquired; some deals were still to close, by January 31 (Southern Delaware) and February 27, 2017 (Midland). The filing says the share offering is not conditioned on the acquisitions closing.
10 Jan 2017securities registration● Neutral
Pioneer PE Holding LLC filed a free-writing prospectus - marketing material for an offering in progress.