21 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC President Jamie L Vazquez exercised stock options for 136,457 shares and disposed of 193,701 shares.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
21 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC officer Thomas F Getten exercised stock options for 52,341 shares and disposed of 74,299 shares.
21 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Technical Officer Stephen L Schroeder exercised stock options for 54,680 shares and disposed of 77,619 shares.
15 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Financial Officer John D Gibbons bought 35,000 shares on the open market at $2.20.
14 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Financial Officer John D Gibbons bought 35,000 shares on the open market at $2.20.
13 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC Chairman & CEO Tracy W Krohn bought 835,308 shares on the open market at $1.95.
9 Dec 2016director interest notice● Neutral
W&T OFFSHORE INC Chairman & CEO Tracy W Krohn bought 1,180,888 shares on the open market.
30 Nov 2016director interest notice● Neutral
W&T OFFSHORE INC director Stuart B Katz bought 25,000 shares on the open market at $1.57.
14 Nov 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Financial Officer John D Gibbons sold 35,000 shares at $1.41.
3 Nov 2016quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $107.4 million and net income of $45.9 million for the period ended 2016-09-30.
2 Nov 2016quarterly activities report● Neutral
W&T OFFSHORE INC reported quarterly revenue of $107.4 million and net income of $45.9 million for the period ended 2016-09-30.
19 Oct 2016securities registration● Neutral
W&T OFFSHORE INC registered a securities offering with the SEC using its shelf eligibility.
11 Oct 2016substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc disclosed a new substantial W&T OFFSHORE INC shareholding (31.30% of votes).
28 Sept 2016substantial holder notice● Neutral
Tracy W. Krohn, Tracy William Krohn Living Trust, dated May, Tracy William Krohn, Tracy William Krohn Exempt AKF Descendant&# reported a W&T OFFSHORE INC shareholding of 41,461,824 shares (30.20% of votes) in a periodic institutional filing.
19 Sept 2016director interest notice● Neutral
W&T OFFSHORE INC director Virginia Boulet bought 16,700 shares on the open market at $1.59.
13 Sept 2016director interest notice● Neutral
W&T OFFSHORE INC Chairman & CEO Tracy W Krohn bought 1,412,660 shares on the open market at $0.00.
13 Sept 2016capital raising announcement▼ BadMajor
W&T completed the debt exchange for its 8.5% notes due 2019, with the filing covering the paperwork. Holders of $710.2 million (about 78.9%) of the $900 million notes swapped them for 60,435,544 new common shares, $159.8 million of new 9.00%/10.75% second lien PIK toggle notes due 2020 and $142.0 million of new 8.50%/10.00% third lien PIK toggle notes due 2021. W&T also took out a new $75 million 1.5 lien term loan at 11% from Cortland Capital Market Services as agent. For shareholders this means dilution from the new shares, more secured debt ranking ahead of the remaining unexchanged notes, and a loan that matures earlier (Feb 28, 2019) if the 2019 notes are not refinanced.
31 Aug 2016debt financing▲ GoodMajor
W&T's exchange offer cleared its lowered 68.5% participation bar, with holders of about 79% ($710 million) of the 8.5% notes due 2019 tendering by the early deadline - the debt-for-equity restructuring succeeding.
16 Aug 2016material agreement▼ BadMajor
W&T sweetened its distressed exchange offer - more shares (76.6 million, up from 62.1 million) and dropped the minimum-tender condition - after initial participation ran short of what was needed.
5 Aug 2016quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $99.7 million and a net loss of $120.9 million for the period ended 2016-06-30.
4 Aug 2016quarterly activities report▼ Bad
W&T OFFSHORE INC reported quarterly revenue of $99.7 million and a net loss of $120.9 million for the period ended 2016-06-30.
3 Aug 2016debt financing● NeutralMajor
W&T's lenders conditioned further credit agreement relief on at least 85% of noteholders participating in the exchange offer and on a new $75 million term loan from those noteholders being used to pay down the revolver.
25 July 2016material agreement▼ BadMajor
W&T launched a distressed exchange offer for its $900 million of 8.5% notes due 2019, offering holders a mix of new common stock and new second-lien and unsecured PIK toggle notes, backed by holders of 63% of the notes who had already agreed to participate - the resolution to the liquidity crunch triggered by the March 2016 borrowing-base cut.
14 July 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Technical Officer Stephen L Schroeder received a stock option grant for 222,431 shares.
14 July 2016director interest notice● Neutral
W&T OFFSHORE INC officer Thomas F Getten received a stock option grant for 212,915 shares.
12 July 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Financial Officer John D Gibbons received a stock option grant for 347,368 shares.
12 July 2016director interest notice● Neutral
W&T OFFSHORE INC officer Thomas F Getten received a stock option grant for 211,973 shares.
12 July 2016director interest notice● Neutral
W&T OFFSHORE INC Chairman & CEO Tracy W Krohn received a stock option grant for 1,052,631 shares.
12 July 2016director interest notice● Neutral
W&T OFFSHORE INC President Jamie L Vazquez received a stock option grant for 552,631 shares.
12 July 2016director interest notice● Neutral
W&T OFFSHORE INC SVP & Chief Operations Officer Thomas P. Murphy received a stock option grant for 269,736 shares.