8 Sept 2016quarterly activities report● Neutral
Triangle Petroleum Corp reported quarterly revenue of $49.5 million and net income of $217.0 million for the period ended 2016-07-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Sept 2016material agreement● Neutral
On Aug 31, 2016 RockPile signed Amendment No. 5 to its Citibank credit agreement, the third such amendment in about five weeks, again changing information and process requirements and deadlines. No amounts are given.
6 Sept 2016director interest notice● Neutral
James B Shein became a Triangle Petroleum Corp director and company insider (initial ownership filing).
24 Aug 2016material agreement● Neutral
On Aug 19, 2016 RockPile signed Amendment No. 4 to its Citibank credit agreement, again changing information and process requirements and deadlines. No amounts are given.
4 Aug 2016material agreement● Neutral
On July 29, 2016 RockPile (Triangle's pressure pumping subsidiary) signed Amendment No. 3 to its Citibank credit agreement, changing information and process requirements and deadlines. The filing gives no figures or other detail, and the amendment text will be filed later.
19 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Gus D Halas exercised stock options for 30,000 shares and disposed of 30,000 shares.
19 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Roy A. Aneed exercised stock options for 30,000 shares and disposed of 30,000 shares.
19 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Randal J. Matkaluk exercised stock options for 30,000 shares and disposed of 30,000 shares.
19 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Peter J Hill exercised stock options for 45,000 shares and disposed of 59,693 shares.
19 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 92,200 shares at $0.24.
13 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 182,300 shares.
7 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 130,500 shares.
6 July 2016director interest notice● Neutral
Triangle Petroleum Corp General Counsel Ryan D Mcgee exercised stock options for 32,000 shares and disposed of 42,234 shares.
5 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 253,335 shares.
5 July 2016director interest notice● Neutral
Triangle Petroleum Corp director Ngp Triangle Holdings, LLC received a stock option grant for 1,799,807 shares.
30 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 148,800 shares.
30 June 2016bankruptcy or receivership▼ BadMajor
On June 29, 2016 TUSA, Ranger Fabrication and their subsidiaries filed Chapter 11 in Delaware (Case 16-11566), which accelerated the credit agreement and the 6.75% 2022 notes indenture. Holders of about 73% of the 2022 notes signed a plan support agreement: the revolver would be repaid in cash from a new revolver and a new-money rights offering, and the 2022 notes would convert into 100% of reorganized TUSA's equity (subject to dilution). Triangle itself did not file. Separately, on June 28 Triangle adopted a Tax Benefits Preservation Plan (rights plan, $5.00 purchase price, July 8 record date, expiring June 28, 2019) to protect its tax losses. A director change was also reported but the text is truncated.
29 June 2016substantial holder notice● Neutral
NGP Triangle Holdings, LLC, NGP Natural Resources X, L.P, G.F.W. Energy X, L.P, GFW X, L.L.C, Kenneth A. Hersh reported a Triangle Petroleum Corp shareholding of 22,250,565 shares (23.60% of votes) in a periodic institutional filing.
28 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 205,672 shares.
24 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 170,000 shares.
22 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 170,000 shares.
20 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 170,000 shares.
16 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 385,000 shares.
14 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 293,000 shares.
10 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 592,380 shares at $0.28.
8 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 375,020 shares.
8 June 2016quarterly activities report▼ Bad
Triangle Petroleum Corp reported quarterly revenue of $44.4 million and a net loss of $94.1 million for the period ended 2016-04-30.
7 June 2016substantial holder notice● Neutral
NGP Triangle Holdings LLC, NGP Natural Resources X, L.P, G.F.W. Energy X, L.P, GFW X, L.L.C, Kenneth A. Hersh reported a Triangle Petroleum Corp shareholding of 24,611,637 shares (26.10% of votes) in a periodic institutional filing.
6 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 792,948 shares.
2 June 2016director interest notice● Neutral
Triangle Petroleum Corp director Energy X, L.P. G.F.W. sold 1,105,604 shares.