18 Sept 2013material agreement▲ GoodMajor
Sanchez sold 9.6 million shares at $23.00 - a share price back above its IPO level - to help fund the Wycross purchase.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
16 Sept 2013securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
13 Sept 2013securities registration● Neutral
Sanchez Energy Corp filed a free-writing prospectus - marketing material for an offering in progress.
12 Sept 2013material agreement● Neutral
The lenders lifted the cap on senior unsecured notes from $400 million to $600 million, clearing the way for Sanchez to borrow more in the bond market to pay for Wycross.
9 Sept 2013securities registration● Neutral
Sanchez Energy Corp filed a prospectus supplement for an offering off its existing shelf.
9 Sept 2013material agreement▲ GoodMajor
Sanchez agreed to buy Rock Oil's Wycross Eagle Ford assets for about $220 million in cash - its third acquisition of the year, three months after closing Cotulla and a month after buying into the Tuscaloosa Marine Shale.
22 Aug 2013securities registration● Neutral
Sanchez Energy Corp filed notice of an exempt private placement.
19 Aug 2013director interest notice● Neutral
Sanchez Energy Corp director Gilbert A Garcia bought 2,000 shares on the open market at $21.96.
19 Aug 2013director interest notice● Neutral
Sanchez Energy Corp director Alan G. Jackson bought 2,600 shares on the open market.
13 Aug 2013capital raising announcement● NeutralMajor
Sanchez agreed to buy into the Tuscaloosa Marine Shale alongside its own affiliate, Sanchez Resources - about 40,000 net acres for cash, stock and a three-well drilling carry, ending with half of a 115,000-acre area of mutual interest. A related-party entry into an unproven play, and the only significant move Sanchez ever made outside the Eagle Ford.
9 Aug 2013quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $8.9 million for the period ended 2013-06-30.
8 Aug 2013quarterly activities report● Neutral
Sanchez Energy Corp reported a quarterly net income of $8.9 million for the period ended 2013-06-30.
19 June 2013director interest notice● Neutral
Sanchez Energy Corp VP & Principal Accting Officer Kirsten A Hink sold 1,010 shares at $23.06.
19 June 2013director interest notice● Neutral
Sanchez Energy Corp director Gilbert A Garcia bought 2,000 shares on the open market at $23.13.
14 June 2013debt financing● NeutralMajor
Sanchez issued $400 million of 7.75% senior notes due 2021 and used the proceeds to clear its revolver. Its first bond, and the start of the unsecured debt that would eventually decide the company's fate.
3 June 2013asset acquisition disposition▲ GoodMajor
Sanchez completed its first large acquisition - Hess Corporation's Cotulla Eagle Ford assets for $280.4 million - and doubled its revolver to $500 million with RBC to carry it. The company has gone from a 55,000-acre startup to a real Eagle Ford operator inside eighteen months.
23 May 2013director interest notice● Neutral
Sanchez Energy Corp director Alan G. Jackson received 4,800 shares as part of the equity award.
23 May 2013director interest notice● Neutral
Sanchez Energy Corp director Greg Colvin received 10,000 shares as part of the equity award.
23 May 2013director interest notice● Neutral
Sanchez Energy Corp director Gilbert A Garcia received 13,800 shares as part of the equity award.
10 May 2013quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $74 thousand for the period ended 2013-03-31.
8 May 2013quarterly activities report▼ Bad
Sanchez Energy Corp reported a quarterly net loss of $74 thousand for the period ended 2013-03-31.
12 Apr 2013substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc reported a Sanchez Energy Corp shareholding of 1,747,380 shares (4.90% of votes) in a periodic institutional filing.
10 Apr 2013substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc disclosed a new substantial Sanchez Energy Corp shareholding (15.50% of votes).
2 Apr 2013director interest notice● Neutral
Antonio R Sanchez III became a Sanchez Energy Corp President and CEO and company insider (initial ownership filing).
2 Apr 2013securities registration● Neutral
Sanchez Energy Corp filed notice of an exempt private placement.
29 Mar 2013director interest notice● Neutral
Sanchez Energy Corp President and CEO Antonio R Sanchez III sold 250,000 shares.
29 Mar 2013director interest notice● Neutral
Sanchez Energy Corp Exec. Chairman Board of Direc. Antonio R Sanchez Jr. sold 250,000 shares.
26 Mar 2013director interest notice● Neutral
Sanchez Energy Corp director Gilbert A Garcia bought 2,000 shares on the open market.
21 Mar 2013capital raising announcement● NeutralMajor
Sanchez's lenders agreed to let it issue more preferred stock, and it placed a second series paying 6.5% to help fund a newly announced Eagle Ford acquisition. The preferred stack is being used as the acquisition currency, and the dividend rate has risen from 4.875% to 6.5% in six months.
8 Feb 2013substantial holder notice● Neutral
ANTONIO R. SANCHEZ, III, A. R. SANCHEZ, JR reported a Sanchez Energy Corp shareholding of 5,793,138 shares (17.16% of votes) in a periodic institutional filing.