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Stone Energy Corp (SGY)

SGY on New York Consolidated

8.78USD
20 Jan 2017
Change (% chg)

$1.68 (+23.66%)
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$7.10
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Latest Key Developments (Source: Significant Developments)

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

Stone Energy Corp says estimated production for quarter of about 29 mboe per day
Monday, 25 Jul 2016 04:13pm EDT 

Stone Energy Corp : Expect production rates from Mary Field to reach over 125 mmcfe per day in August . Stone energy corporation provides production update . Estimated production for quarter ended june 30, 2016 of approximately 29 mboe (174 mmcfe) per day .Says updated guidance for remainder of 2016 will be provided in q2 earnings press release.  Full Article

Stone Energy amends credit agreement to increase borrowing base to $360.0 mln - SEC filing
Tuesday, 14 Jun 2016 05:45pm EDT 

Stone Energy Corp : Entered into Amendment No. 3 to fourth amended and restated credit agreement dated as of June 24, 2014 . Amendment amends credit agreement to increase borrowing base to $360.0 million from $300 million - SEC filing . Repaid $56.8 million in borrowings under credit agreement . Following payment, company has cash on hand of about $185 million . Company continues to assess various strategic alternatives to address its liquidity and capital structure Source: (http://1.usa.gov/1S4tuEj ) Further company coverage: [SGY.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

Stone Energy says confidentiality agreements with noteholders terminated without reaching agreement
Friday, 3 Jun 2016 12:37pm EDT 

Stone Energy Corp : Stone energy corp says confidentiality agreements with noteholders terminated without reaching an agreement . Also discussing with certain vendors the terms of existing contracts in an attempt to renegotiate those contracts .Continues to analyze strategic alternatives including refinancing alternatives, asset sales and chapter 11 bankruptcy proceeding.  Full Article

Stone Energy Corp announces 1-for-10 reverse stock split
Wednesday, 1 Jun 2016 08:50am EDT 

Stone Energy Corporation : 1-For-10 reverse stock split will be effective after market closes on june 10, 2016 .Announces 1-For-10 reverse stock split.  Full Article

Stone Energy reaches bankruptcy deal with shareholders

Offshore oil exploration company Stone Energy Corp , which filed for bankruptcy last week, has agreed to increase the potential recovery for shareholders in its Chapter 11 plan, according to court papers filed on Wednesday.