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Stone Energy Corp (SGY.N)

SGY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

MacKay Shields reports 19.74 pct passive stake in Stone Energy as of March 01
Wednesday, 8 Mar 2017 11:09am EST 

MacKay Shields LLC:MacKay Shields LLC reports 19.74 percent passive stake in Stone Energy Corp as of March 01, 2017 - SEC filing.  Full Article

Stone Energy announces continued listing of shares following emergence from Chapter 11 reorganization
Friday, 24 Feb 2017 06:30am EST 

Stone Energy Corp : Stone Energy Corporation announces continued listing of new shares of common stock and trading under ticker "SGY" following emergence from Chapter 11 reorganization . Stone Energy Corp - company currently expects plan to become effective on February 28, 2017 . Stone Energy Corp - assuming emergence on effective date of February 28, 2017, trading in new common shares is expected to commence on March 1, 2017 .Stone Energy Corp - currently expects to list warrants on an exchange by end of March 2017.  Full Article

Stone Energy Corporation Q4 loss per share $20.76
Thursday, 23 Feb 2017 04:05pm EST 

Stone Energy Corp : Stone Energy Corporation announces fourth quarter and year-end 2016 results and reserves . Q4 loss per share $20.76 . Q4 earnings per share view $-6.65 -- Thomson Reuters I/B/E/S . Stone Energy says financial projections prepared in connection with restructuring efforts included estimated preliminary capex of about $200 million for 2017 . Upon emergence from bankruptcy, co expects to eliminate approximately $1.2 billion in principal amount of outstanding debt . Stone Energy says cash flows from operations, cash on hand, availability under credit facility adequate to meet 2017 operating, capex needs of post-reorganized co . No assurances that co will emerge from bankruptcy on February 28, 2017 as expected . Qtrly oil and gas revenue of $112.2 million, compared to oil and gas revenue of $106.2 million in Q4 of 2015 . Net daily production during Q4 of 2016 averaged 43.7 thousand barrels of oil equivalent per day .Projected capital expenditures budget of $200 million for 2017 includes approximately $86 million of plugging and abandonment costs.  Full Article

Stone Energy announces auction results for sale of Appalachia properties
Wednesday, 8 Feb 2017 08:33pm EST 

Stone Energy Corp : Stone Energy Corporation announces auction results for sale of Appalachia properties . Says deal for a sales price of $527 million . Says pursuant to terms of PSA, Stone agreed to sell properties to Tug Hill for $360 million in cash .Says Stone entered into PSA in conjunction with previously announced comprehensive balance sheet restructuring efforts.  Full Article

Stone Energy Corporation announces successful resolution of motion to appoint equity committee, restructuring plan solicitation status and approval of first day motions
Thursday, 22 Dec 2016 06:30am EST 

Stone Energy Corp : Stone Energy Corporation announces successful resolution of motion to appoint equity committee, restructuring plan solicitation status and approval of first day motions . Stone Energy says on Dec 16, Ad Hoc Group of co's stockholders filed a motion to appoint official committee of equity security holders in connection with co's chap 11 proceedings . At a hearing on December 21, 2016, court entered an order resolving equity committee motion . Stone Energy says on Dec 20, co entered into new confidentiality agreements with an Ad Hoc Group of certain holders of co's convertible notes due 2017, senior notes due 2022 .Stone Energy says will commence solicitation of Stone's stockholders for acceptance of existing plan on or before December 30, 2016.  Full Article

Raymond Hyer reports 7.07 percent stake in Stone Energy Corp as of December 10
Tuesday, 20 Dec 2016 06:19am EST 

Stone Energy Corp : Raymond Hyer reports 7.07 percent stake in Stone Energy Corp as of December 10 - SEC filing . Raymond Hyer says initially purchased Stone Energy shares as passive investors based on belief that securities represented attractive investment opportunity . Raymond Hyer says now hold Stone Energy Corp shares with purpose or effect of changing or influencing control of Stone Energy . Raymond Hyer says believes restructuring plan recently announced by stone energy disproportionately impairs interests of co's common shareholders .Raymond Hyer says do not intend to support Stone Energy Corp's proposed restructuring plan.  Full Article

Thomas Satterfield reports 9.9 pct stake in Stone Energy
Tuesday, 29 Nov 2016 11:09am EST 

Stone Energy Corp : Thomas Satterfield reports 9.92 pct stake in Stone Energy Corp as of Nov 29 - SEC Filing . Thomas Satterfield -believes restructuring plan by Stone Energy disproportionately impairs interests of shareholders, unfairly advantages other stakeholders . Thomas Satterfield says initially held passive stake in Stone Energy, says now holds the shares with purpose or effect of changing or influencing control of co . Thomas Satterfield - doesn't intend to support proposed restructuring plan if Stone Energy files for bankruptcy, if plan is submitted without changes . Thomas Satterfield - intends to engage counsel to initiate a shareholder’s class action to recover losses incurred by Stone Energy common shareholders .Thomas Satterfield-intends to retain financial advisors, to speak with other shareholders of Stone Energy in furtherance of foregoing purposes.  Full Article

Geosphere Capital posts 7 pct stake in Stone Energy as of Oct. 25 - SEC Filing
Wednesday, 26 Oct 2016 06:17am EDT 

Stone Energy Corp:Geosphere Capital Management LLC reports 7.017 percent stake in Stone Energy Corp as of Oct. 25 - SEC Filing.  Full Article

Stone Energy in talks to sell Appalachian assets to reduce debt
Tuesday, 23 Aug 2016 03:14pm EDT 

Stone Energy Corp : In Talks To Sell Appalachian Assets To Reduce Debt - Sec filing .Stone energy says $150 million of net proceeds, in connection with sale of appalachia shall be no less than $350 million, to be paid to noteholders in cash.  Full Article

Stone Energy Q2 adjusted loss per share $7.45 excluding items
Tuesday, 2 Aug 2016 04:07pm EDT 

Stone Energy Corp : Q2 adjusted loss per share $7.45 excluding items . Says production guidance for q3 of 2016 is estimated at 35 - 37 mboe per day . Says updated production guidance for fy 2016 is 33 - 35 mboe (198 - 210 mmcfe) per day . Q2 loss per share $35.05 .Says net daily production for q2 averaged 29.,000 barrels of oil equivalent (mboe) per day versus 34.5 mboe (207 mmcfe) per day.  Full Article

More From Around the Web

BRIEF-Stone Energy announces listing of warrants on NYSE under ticker "SGYWS"

* Stone Energy Corporation announces listing of warrants on NYSE market under ticker "SGYWS" Source text for Eikon: Further company coverage: