13 June 2014securities registration● Neutral
Sanchez Energy Corp filed a free-writing prospectus - marketing material for an offering in progress.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
13 June 2014securities registration● Neutral
Sanchez Energy Corp filed a free-writing prospectus - marketing material for an offering in progress.
11 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
11 June 2014material agreement● Neutral
Sanchez published the financial groundwork for the Catarina purchase - audited revenues for the Shell assets, a Ryder Scott reserve report and pro formas combining Cotulla, Wycross and Catarina - and amended its credit agreement for the sixth time. This is the paperwork a company files immediately before raising the money.
11 June 2014securities registration● Neutral
Sanchez Energy Corp filed an automatic shelf registration, effective immediately as a well-known seasoned issuer.
11 June 2014securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
30 May 2014capital raising announcement● Neutral
A third round of preferred-for-common exchanges across both series, on the same pattern: dividends waived, common shares issued.
22 May 2014agm notice▲ GoodMajor
This filing is typed as an annual meeting report, and the votes are in it - but the substance is that Sanchez agreed to buy Shell's Catarina assets in Dimmit, LaSalle and Webb Counties for about $639 million cash, with 60 million barrels of proved reserves, paying a $51 million deposit. Its largest deal yet, more than twice the Cotulla price.
12 May 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $3.4 million for the period ended 2014-03-31.
8 May 2014quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $3.4 million for the period ended 2014-03-31.
6 Mar 2014director officer appointment● Neutral
Christopher Heinson became chief operating officer, succeeding Joseph DeDominic in a role that had turned over once already in fifteen months.
5 Mar 2014material agreement▲ Good
The banks raised Sanchez's borrowing base to $400 million, reflecting the reserves added by Cotulla and Wycross.
14 Feb 2014capital raising announcement● Neutral
More of the same the next day: holders of both preferred series exchanged into common, again waiving accrued dividends. Each swap removes a dividend obligation and adds to the common share count.
13 Feb 2014capital raising announcement● Neutral
A preferred holder swapped 400,000 Series B shares for 1.07 million common shares, giving up accrued dividends. Sanchez is quietly converting its preferred obligations into common stock while the share price is high.
22 Jan 2014substantial holder notice● Neutral
Odey Asset Management Group Ltd, Odey Asset Management LLP, Odey Holdings AG disclosed a new substantial Sanchez Energy Corp shareholding (5.30% of votes).
10 Jan 2014substantial holder notice● Neutral
St. Denis J. Villere & Company, L.L.C. disclosed a new substantial Sanchez Energy Corp shareholding (8.44% of votes).
8 Jan 2014director interest notice● Neutral
Sanchez Energy Corp President and CEO Antonio R Sanchez III received 250,000 shares as part of the equity award.
8 Jan 2014director interest notice● Neutral
Sanchez Energy Corp Exec Chrmn of Bd of Dir Antonio R Sanchez Jr. received 350,000 shares as part of the equity award.
3 Jan 2014director interest notice● Neutral
Sanchez Energy Corp Former Senior VP & COO Joseph R Dedominic disposed of 133,334 shares via option/appreciation-right settlement.
20 Dec 2013director interest notice● Neutral
Sanchez Energy Corp Senior VP & CFO Michael G Long gifted 2,000 shares.
13 Dec 2013substantial holder notice● Neutral
St. Denis J. Villere & Company, L.L.C. disclosed a new substantial Sanchez Energy Corp shareholding (6.31% of votes).
3 Dec 2013director interest notice● Neutral
Sanchez Energy Corp Senior VP & COO Joseph R Dedominic had 28,666 shares withheld for taxes on vesting stock.
14 Nov 2013director interest notice● Neutral
Sanchez Energy Corp Exec. Chairman Board of Direc. Antonio R Sanchez Jr. disposed of 26,213 shares via option/appreciation-right settlement.
14 Nov 2013director interest notice● Neutral
Sanchez Energy Corp director Gilbert A Garcia bought 800 shares on the open market at $26.29.
8 Nov 2013quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $3.9 million for the period ended 2013-09-30.
7 Nov 2013quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $3.9 million for the period ended 2013-09-30.
10 Oct 2013asset acquisition disposition▲ GoodMajor
The Wycross acquisition closed at $230.1 million, funded from the September share sale and the note add-on. Sanchez has spent over $500 million on acquisitions in five months.
8 Oct 2013substantial holder notice● Neutral
ANTONIO R. SANCHEZ, III, A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 5,543,138 shares (12.10% of votes) in a periodic institutional filing.
4 Oct 2013director interest notice● Neutral
Sanchez Energy Corp VP & Principal Accting Officer Kirsten A Hink sold 1,273 shares.
19 Sept 2013debt financing● NeutralMajor
Sanchez added $200 million to its 7.75% notes at 96.5 cents on the dollar, taking the bond to $600 million. Equity and debt were both being used to buy the same asset.