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United States

Stone Energy Corp (SGY.N)

SGY.N on New York Stock Exchange

31.62USD
20 Feb 2018
Change (% chg)

$0.10 (+0.32%)
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$31.52
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Volume
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Latest Key Developments (Source: Significant Developments)

Talos Energy LLC to combine with Stone Energy Corp
Tuesday, 21 Nov 2017 08:32am EST 

Nov 21 (Reuters) - Stone Energy Corp :Talos Energy LLC to combine with Stone Energy Corp .Stone Energy Corp - ‍at closing, Talos stakeholders will own 63 pct and Stone shareholders will own 37 pct of combined company​.Stone Energy Corp - boards of directors of co and ‍Talos Energy unanimously approved combination of Talos and Stone in an all-stock transaction​.Stone Energy Corp - ‍Talos, Stone will become wholly-owned subsidiaries of new holding company, which at closing of deal will become publicly traded entity​.Stone Energy Corp - ‍under terms of deal, each outstanding share of co's common stock will be exchanged for one share of Talos Energy, Inc. Common stock.Stone Energy Corp - ‍combined co will be named Talos Energy Inc, expected to trade on New York Stock Exchange under new ticker symbol TALO​.Stone Energy Corp - ‍Timothy S. Duncan, Talos's chief executive officer, will be chief executive officer of Talos Energy Inc​.Stone Energy Corp - as per terms of proposed deal, ‍Talos will have initial equity market capitalization of about $1.9 billion, enterprise value of about $2.5 billion​.Stone Energy Corp - combined co's board comprised of 10 members, including 6 members designated by Talos, 4 members designated by Stone from current board.Stone Energy Corp - ‍Neal P. Goldman will serve as non-executive chairman of board of directors of combined co​.  Full Article

Stone Energy Corp receives notice from Bank Of America
Wednesday, 8 Nov 2017 05:12pm EST 

Nov 8 (Reuters) - Stone Energy Corp ::Stone Energy Corp - ‍on Nov 8, co received notice from Bank Of America that its borrowing base under credit agreement had been reduced to $100 million.Stone Energy Corp - ‍prior to November 8, 2017 redetermination, available borrowings under credit agreement were $150 million .  Full Article

Stone Energy Corp reports qtrly earnings per share $0.06
Wednesday, 1 Nov 2017 04:07pm EDT 

Nov 1 (Reuters) - Stone Energy Corp :Stone Energy Corp announces third quarter 2017 results.Stone Energy Corp - ‍production volumes averaged 19.2 thousand barrels of oil equivalent per day for three months ended september 30, 2017​.Stone Energy Corp - qtrly total oil, natural gas and ngls revenue $69.8 million ‍​.Stone Energy Corp - qtrly earnings per share $0.06‍​.  Full Article

Stone Energy Corporation Q2 loss per share ‍$0.32​
Monday, 7 Aug 2017 04:07pm EDT 

Aug 7 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces second quarter 2017 results.Stone Energy Corp - ‍production volumes averaged 20.6 thousand barrels of oil equivalent per day for three months ended June 30, 2017​.Stone Energy Corp - qtrly ‍oil revenue $61.7 million versus $72.7 million.Stone Energy Corp - qtrly loss per share ‍$0.32​.  Full Article

Stone Energy says‍ workforce reduction plans are expected to be completed by end of Q2 2017
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Stone Energy Corp :Stone Energy Corp says‍ workforce reduction plans are expected to be substantially completed by end of q2 of 2017 - sec filing​.Stone Energy Corp - ‍ in connection with reductions, company estimates it will incur a pre-tax charge of approximately $5-6 million in q2 of 2017​.Stone Energy Corp - workforce reduction percentage and range of expected charges exclude effects of a smaller reduction made in late-april 2017.  Full Article

Stone Energy announces rampart deep spud and further workforce reductions
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces rampart deep spud and further workforce reductions.Drilling operations on its rampart deep prospect in Mississippi canyon block 116 were initiated on June 3, 2017.Expect workforce reduction to result in an about 25% decrease in salaries, general and administrative cash costs for second half of 2017​.Expected quarterly cash SG&A outlay, before capitalization, of about $11 million to $12 million/quarter, excluding non-recurring and non-cash items.Project an overall SG&A reduction of approximately 50% from 2016​.  Full Article

Stone Energy Corp files for offering of 11.1 mln shares of common stock by selling stockholders
Friday, 12 May 2017 04:55pm EDT 

May 12 (Reuters) - Stone Energy Corp ::Stone Energy Corp files for offering of 11.1 million shares of common stock by the selling stockholders - sec filing.  Full Article

Stone Energy reports qtrly combined total operating revenue $94.7 mln
Monday, 8 May 2017 04:57pm EDT 

May 8 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces results for the three months ended March 31, 2017.Stone Energy Corp - net daily production during three months ended March 31, 2017 averaged 30.4 thousand barrels of oil equivalent per day.Stone Energy Corp - qtrly combined total operating revenue $94.7 million.Stone Energy Corp - qtrly oil, natural gas and ngls production 2,733 mboe versus 3,140 mboe.  Full Article

Stone Energy Corp says CEO David Welch to retire
Friday, 28 Apr 2017 06:30am EDT 

April 28 (Reuters) - Stone Energy Corp ::David Welch to retire, Jim Trimble elected interim chief executive officer and president of stone energy corporation.James m. Trimble, currently an independent director of company, has been elected interim chief executive officer.Welch also indicated his intention to step down from his position as a director of company.Appointed Keith Seilhan, formerly company's senior vice president - Gulf Of Mexico, to new post of chief operating officer.  Full Article

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

BRIEF-Stone Energy Corp Announces Year-End Reserves, Production Update, Preliminary Capital Budget

* STONE ENERGY CORPORATION ANNOUNCES 2017 YEAR-END RESERVES, PRODUCTION UPDATE AND 2018 PRELIMINARY CAPITAL BUDGET