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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

35.13USD
15 Dec 2017
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$1.18 (+3.48%)
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Latest Key Developments (Source: Significant Developments)

Strategic Value Partners Had Discussions With Chairman Of Penn Virginia’S Board
Monday, 11 Dec 2017 05:47pm EST 

Dec 11 (Reuters) - Penn Virginia Corp ::STRATEGIC VALUE PARTNERS-SAYS HAD DISCUSSIONS WITH CHAIRMAN OF PENN VIRGINIA’S BOARD REGARDING PERFORMANCE, OPERATION OF BUSINESS, ONGOING PROSPECTS.STRATEGIC VALUE PARTNERS SAYS IN THE MEETING WITH CHAIRMAN OF PENN VIRGINIA, HAVE EXPRESSED DISSATISFACTION WITH CO, AND DISCUSSIONS ARE CONTINUING.STRATEGIC VALUE PARTNERS REPORTS 10.2 PERCENT STAKE IN PENN VIRGINIA CORP AS OF DECEMBER 6 - SEC FILING.  Full Article

Mangrove Partners Master Fund-Continues To Have Conversations With Penn Virginia Board
Monday, 11 Dec 2017 05:44pm EST 

Dec 11 (Reuters) - Penn Virginia Corp ::MANGROVE PARTNERS MASTER FUND-CONTINUES TO HAVE CONVERSATIONS WITH PENN VIRGINIA BOARD, PARTICULARLY WITH REGARDS TO STRATEGY AND CORPORATE GOVERNANCE.MANGROVE PARTNERS MASTER FUND-ON DEC 6, MET CHAIRMAN OF PENN VIRGINIA TO DISCUSS ISSUES,FRUSTRATION WITH REGARD TO LACK OF PROGRESS IN ADDRESSING ISSUES.MANGROVE PARTNERS MASTER FUND REPORTS 9.6 PERCENT STAKE IN PENN VIRGINIA CORP AS OF DECEMBER 6 - SEC FILING.  Full Article

Penn Virginia Corporation reports Q3 loss per share $0.40
Wednesday, 8 Nov 2017 04:26pm EST 

Nov 8 (Reuters) - Penn Virginia Corp :Penn Virginia Corporation reports third quarter 2017 results.Q3 adjusted earnings per share $0.57.Q3 loss per share $0.40.Q3 earnings per share view $0.47 -- Thomson Reuters I/B/E/S.Penn Virginia Corp - ‍produced 9,396 barrels of oil equivalent per day in quarter​.Penn Virginia Corp - ‍for october 2017, production averaged approximately 12,200 boepd​.Penn Virginia Corp sees q4 production 13,300-14,000 boepd‍​.Penn Virginia Corp sees 2018 capex ‍$255 million - $295​ million.Penn Virginia Corp - ‍addressing impact from hurricane harvey by adding a third rig to program​.Penn Virginia Corp - ‍depending on commodity prices, anticipate keeping third rig active through end of 2018​.Penn Virginia - ‍expect new 3rd rig will allow co to increase volumes to range of 20,500 to 22,500 boepd for 2018​.  Full Article

Penn Virginia- Entered into master assignment, agreement, amendment no. 3 to credit agreement
Thursday, 5 Oct 2017 04:37pm EDT 

Oct 5 (Reuters) - Penn Virginia Corp :Penn Virginia Corp- on Sept 29, co entered into master assignment, agreement and amendment no. 3 to credit agreement - SEC filing.Penn Virginia Corp- pursuant to amendment, borrowing base under credit agreement increased to $237.5 million.  Full Article

Penn Virginia announces closing of acquisition of Eagle Ford assets
Monday, 2 Oct 2017 08:19am EDT 

Oct 2 (Reuters) - Penn Virginia Corp ::Press release - Penn Virginia announces closing of acquisition of Eagle Ford assets.Penn Virginia Corp - co also announced that borrowing base under revolving credit facility increased from $200 million to about $238 million.Penn Virginia Corp - ‍in connection with acquisition, company entered into a credit agreement for a new $200 million second lien term loan​.Penn Virginia - used net proceeds from term loan, additional borrowings under co's revolving credit facility to finance Devon deal, related expenses​.  Full Article

Penn Virginia to likely re-evaluate drilling plan for remainder of 2017, 2018
Thursday, 1 Jun 2017 07:15am EDT 

June 1 (Reuters) - Penn Virginia Corp ::Penn Virginia - ‍based on 23 days of production, estimates 30-day IP rate will be between 1,800 boepd and 1,900 boepd with continued active choke management​.Says it will likely re-evaluate its drilling plan for remainder of 2017 and 2018.  Full Article

Penn Virginia Corp reports qtrly total revenues $35.4 million
Tuesday, 9 May 2017 04:36pm EDT 

May 9 (Reuters) - Penn Virginia Corp :Penn Virginia Corporation reports first quarter 2017 results and provides operational update.Q1 earnings per share $1.88.Penn Virginia Corp - Average daily production in q2 of 2017 is expected to be in range of 9,300 to 9,700 boepd.Company continues to expect total 2017 production volumes at 3.7 to 4.0 mmboe.Expected range of capital expenditures for 2017 remains unchanged between $120 million and $140 million.Penn Virginia Corp - Is planning to drill and complete eight wells together on two adjacent pads in second and third quarters.Production reached 9,495 barrels of oil equivalent per day in quarter.Penn Virginia Corp - Qtrly total revenues $35.4 million versus $30.5 million.  Full Article

Penn Virginia files for chapter 11 bankruptcy protection
Thursday, 12 May 2016 06:44am EDT 

Penn Virginia Corp : Restructuring will reduce company's long-term debt by more than $1 billion . Company has obtained a commitment for up to $128 million in exit financing from its RBL lenders . Has received a commitment for $25 million in debtor-in-possession (DIP) financing from its RBL lenders . Penn Virginia Corp says company anticipates emerging from Chapter 11 by end of summer . In relation to Chapter 11 filing,restructuring support agreement with holders of 87% of nearly $1.20 billion in total funded-debt obligations .Penn Virginia Corporation files voluntary chapter 11 petitions to facilitate restructuring with the overwhelming support of its funded debt holders.  Full Article

BRIEF-Strategic Value Partners Had Discussions With Chairman Of Penn Virginia’S Board

* STRATEGIC VALUE PARTNERS-SAYS HAD DISCUSSIONS WITH CHAIRMAN OF PENN VIRGINIA’S BOARD REGARDING PERFORMANCE, OPERATION OF BUSINESS, ONGOING PROSPECTS