15 July 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $562.9 million for the period ended 2015-06-30.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 July 2015substantial holder notice● Neutral
Rubric Capital Management, LLC, Cubist Systematic Strategies, LLC, Steven A. Cohen disclosed a new substantial Sanchez Energy Corp shareholding (5.00% of votes).
23 June 2015auditor change● Neutral
Sanchez replaced BDO with KPMG as auditor, moving to a Big Four firm as the accounting around its affiliate transactions and impairments grew more consequential.
8 May 2015director officer appointment● Neutral
Thomas Brian Carney joined the board.
8 May 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
7 May 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
22 Apr 2015quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $497.3 million for the period ended 2015-03-31.
6 Apr 2015asset acquisition disposition● NeutralMajor
The wellbore sale to the affiliated partnership closed for $81.6 million cash plus units in the buyer - real money in the door, from a counterparty Sanchez's own managers also run.
1 Apr 2015material agreement▼ BadMajor
With prices down and cash needed, Sanchez began selling assets to its own affiliate: partial working interests in 59 Palmetto wellbores went to Sanchez Production Partners, an entity in the same family group, on terms where the buyer's share escalates every year. A related-party sale is the easiest kind to complete, and the hardest for an outside shareholder to judge.
17 Feb 2015substantial holder notice● Neutral
St. Denis J. Villere & Company, L.L.C, George V. Young, St. Denis J. Villere II, St. Denis J. Villere III, George G. Villere reported a Sanchez Energy Corp shareholding of 5,260,702 shares (8.98% of votes) in a periodic institutional filing.
17 Feb 2015substantial holder notice● Neutral
JVL Advisors, LLC, John V. Lovoi, Navitas Fund, LP, Luxiver, LP, TJS Energy Fund, LP, Hephaestus Energy Fund, LP, Asklepios Energy Fund, LP, Panakeia Energy Fund, LP, URJA, LP, Children's Energy Fund, LP, LVPU, LP disclosed a new substantial Sanchez Energy Corp shareholding (8.05% of votes).
10 Feb 2015substantial holder notice● Neutral
The Vanguard Group disclosed a new substantial Sanchez Energy Corp shareholding (5.53% of votes).
23 Jan 2015securities registration● Neutral
Sanchez Energy Corp filed the final prospectus for a registered offering.
20 Jan 2015substantial holder notice● Neutral
Odey Asset Management Group Ltd, Odey Asset Management LLP, Odey Holdings AG reported no remaining Sanchez Energy Corp shareholding in its periodic institutional filing.
12 Jan 2015substantial holder notice● Neutral
A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 5,581,838 shares (9.10% of votes) in a periodic institutional filing.
10 Nov 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $49.0 million for the period ended 2014-09-30.
6 Nov 2014director officer appointment● Neutral
Sean Maher joined the board as oil prices were beginning to fall sharply.
5 Nov 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $49.0 million for the period ended 2014-09-30.
15 Sept 2014debt financing▼ BadMajor
A further $300 million was added to the 6.125% notes at a premium, taking that bond to $1.15 billion. This is the last financing Sanchez completed before oil prices collapsed.
26 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
11 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
7 Aug 2014quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $12.2 million for the period ended 2014-06-30.
2 July 2014asset acquisition disposition● NeutralMajor
Sanchez closed the Catarina acquisition and issued $850 million of 6.125% senior notes due 2023 to pay for it. Total borrowings now approach $1.5 billion against a company that listed two and a half years earlier with no debt at all - and Catarina's value depends entirely on oil staying near $100.
1 July 2014substantial holder notice● Neutral
A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 4,931,838 shares (8.50% of votes) in a periodic institutional filing.
20 June 2014securities registration● Neutral
Sanchez Energy Corp filed the final prospectus for a registered offering.
16 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
16 June 2014material agreement● NeutralMajor
Sanchez sold 5 million shares at $35.25, its highest price ever and 60% above the IPO, to fund Catarina - and Sanchez Oil & Gas and A. R. Sanchez, Jr. sold shares alongside it. Insiders selling into the top of the company's history is worth noting on its own.
16 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
13 June 2014securities registration● Neutral
Sanchez Energy Corp filed a free-writing prospectus - marketing material for an offering in progress.
13 June 2014securities registration● Neutral
Sanchez Energy Corp filed a free-writing prospectus - marketing material for an offering in progress.