7 Feb 2007director interest notice● Neutral
Pressburg, LLC SVP Oper. - Chief Engineer Arden Walker Jr. received 50,000 shares and a 50,000-share option grant as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Feb 2007asset acquisition disposition▲ Good
Amended its credit agreement to raise the borrowing base from $480 million to $725 million on the closing of the Stallion acquisition, continuing to scale debt capacity in step with the acquisition run.
2 Feb 2007substantial holder notice● Neutral
Deutsche Bank AG*, Deutsche Bank AG, London Branch disclosed a new substantial Pressburg, LLC shareholding (5.29% of votes).
26 Jan 2007substantial holder notice● Neutral
Michael C. Linn reported a Pressburg, LLC shareholding of 4,248,425 shares (9.90% of votes) in a periodic institutional filing.
19 Jan 2007director interest notice● Neutral
Pressburg, LLC EVP & Chief Financial Officer Kolja Rockov received 140,000 shares as part of the equity award.
19 Jan 2007director interest notice● Neutral
Pressburg, LLC Chairman, CEO & President Michael C Linn received 150,000 shares as part of the equity award.
19 Jan 2007director interest notice● Neutral
Pressburg, LLC SVP - Chief Accounting Officer Lisa D Anderson received 15,000 shares as part of the equity award.
19 Jan 2007material agreement● Neutral
Unitholders approved a routine amendment capping how many long-term incentive plan units can be issued as restricted units -- administrative, not strategic.
19 Jan 2007director interest notice● Neutral
Pressburg, LLC SVP - Operations Thomas A Lopus received 15,000 shares as part of the equity award.
19 Jan 2007director interest notice● Neutral
Pressburg, LLC SVP & Secretary Roland P Keddie received 15,000 shares as part of the equity award.
20 Dec 2006director interest notice● Neutral
Pressburg, LLC EVP & Chief Operating Officer Mark E Ellis received 200,000 shares and a 50,000-share option grant as part of the equity award.
19 Dec 2006capital raising announcement▲ GoodMajor
Announced three more purchase agreements worth $454 million combined: a $415 million private Texas Panhandle producer and $39 million of Appalachian Basin gas properties, continuing the acquisition pace begun that summer.
8 Dec 2006director interest notice● Neutral
Pressburg, LLC Chief Financial Officer Kolja Rockov received a stock option grant for 85,000 shares.
8 Dec 2006director interest notice● Neutral
Pressburg, LLC SVP & Secretary Roland P Keddie received a stock option grant for 20,000 shares.
8 Dec 2006director interest notice● Neutral
Pressburg, LLC SVP - Operations Thomas A Lopus received a stock option grant for 20,000 shares.
8 Dec 2006director interest notice● Neutral
Pressburg, LLC Chairman, CEO & President Michael C Linn received a stock option grant for 125,000 shares.
8 Dec 2006director interest notice● Neutral
Pressburg, LLC SVP - Chief Accounting Officer Lisa D Anderson received a stock option grant for 20,000 shares.
25 Oct 2006capital raising announcement▲ GoodMajor
Raised $305 million in a private placement of units to institutional investors -- led by Zimmer Lucas Partners, with Goldman, Magnetar and others participating -- to repay acquisition debt, the first of many equity raises that would fund Linn's growth alongside its credit line.
15 Sept 2006director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 750 shares on the open market at $23.00.
31 Aug 2006director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs bought 2,000 shares on the open market.
15 Aug 2006late filing notice▼ Bad
Pressburg, LLC notified the SEC that its quarterly report would be filed late.
15 Aug 2006asset acquisition disposition▲ GoodMajor
Closed the $125 million Kaiser-Francis Mid-Continent acquisition, funded through the new revolver and a bridge facility.
9 Aug 2006material agreement● Neutral
Granted routine phantom-unit awards to independent directors under its long-term incentive plan -- standard board compensation, not a strategic event.
7 Aug 2006director interest notice● Neutral
Pressburg, LLC director Jeffrey C Swoveland received 3,000 shares as part of the equity award.
7 Aug 2006director interest notice● Neutral
Pressburg, LLC director Terrence S Jacobs received 3,000 shares as part of the equity award.
7 Aug 2006director interest notice● Neutral
Pressburg, LLC director George A Alcorn received 3,000 shares as part of the equity award.
7 Aug 2006asset acquisition disposition▲ GoodMajor
Replaced its credit facility with a new $800 million agreement and immediately raised the borrowing base to $430 million to fund the Blacksand acquisition, with room to grow further once Kaiser-Francis closes.
25 July 2006material agreement▲ GoodMajor
Signed its first large acquisitions as a public company: $291 million for Blacksand Energy's Brea-Olinda field in California and $125 million for Kaiser-Francis's Mid-Continent Oklahoma assets -- the start of the debt-funded roll-up strategy that would define Linn's next decade.
19 July 2006director interest notice● Neutral
Pressburg, LLC SVP - Chief Accounting Officer Lisa D Anderson received 50,000 shares and a 50,000-share option grant as part of the equity award.
14 June 2006director interest notice● Neutral
Alan L Smith became a Pressburg, LLC director and company insider (initial ownership filing).