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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

59.43USD
12 Dec 2018
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$0.00 (+0.00%)
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Latest Key Developments (Source: Significant Developments)

Mangrove Partners Calls On Penn Virginia To Terminate Denbury Deal
Wednesday, 28 Nov 2018 

Nov 28 (Reuters) - MANGROVE PARTNERS::MANGROVE PARTNERS SAYS ON NOVEMBER 26, REPRESENTATIVES FROM MANGROVE PARTNERS SPOKE WITH CO-CHAIRMAN OF BOARD OF PENN VIRGINIA AND ITS CEO.MANGROVE PARTNERS - ON NOV 27, DELIVERED DEMAND LETTER TO PENN VIRGINIA ASKING IT TURN OVER COPIES OF SHAREHOLDER RECORDS.MANGROVE PARTNERS SAYS DURING CALL, MANGROVE CALLED ON PENN VIRGINIA TO WORK WITH DENBURY RESOURCES INC TO TERMINATE PROPOSED TRANSACTION - SEC FILING.MANGROVE PARTNERS SAYS IT HOLDS STAKE OF 10.7 PERCENT IN PENN VIRGINIA AS OF NOVEMBER 26 VERSUS 9.5 PERCENT AS OF NOV 13.MANGROVE PARTNERS SAYS SHOULD PENN VIRGINIA AND DENBURY FAIL TO AGREE TO MUTUAL TERMINATION, MANGROVE INTENDS TO VOTE AGAINST TRANSACTION.  Full Article

Penn Virginia reports third quarter results
Thursday, 8 Nov 2018 

Nov 8 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS THIRD QUARTER 2018 RESULTS AND PROVIDES OPERATIONAL UPDATE.Q3 ADJUSTED EARNINGS PER SHARE $2.72.Q3 EARNINGS PER SHARE $1.06.Q3 EARNINGS PER SHARE VIEW $2.78 -- THOMSON REUTERS I/B/E/S.SAYS TOTAL PRODUCTION IN Q3 OF 2018 INCREASED FOUR PERCENT FROM Q2 OF 2018, TO APPROXIMATELY 2.1 MILLION BOE.SEES Q4 PRODUCTION 28,500 - 30,500 BOEPD.SEES FY 2018 CAPITAL EXPENDITURES $405 MILLION - $410 MILLION.  Full Article

Mangrove Partners Says Evaluating Denbury Resources's Proposed Acquisition Of Penn Virginia
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - Denbury Resources Inc ::MANGROVE PARTNERS SAYS EVALUATING DENBURY RESOURCES'S PROPOSED ACQUISITION OF PENN VIRGINIA, MARKET'S REACTION FOLLOWING ANNOUNCEMENT OF DEAL.MANGROVE PARTNERS, ON PENN VIRGINIA-DENBURY DEAL, - BELIEVE CONTROL DEAL SHOULD INCLUDE PAYMENT OF "SUSTAINABLE" PREMIUM TO SHAREHOLDERS OF TARGET CO.MANGROVE PARTNERS - BELIEVE THAT PENN VIRGINIA'S STANDALONE PROSPECTS ARE CURRENTLY UNDERVALUED IN THE MARKETPLACE.  Full Article

Penn Virginia To Pay Denbury/ Denbury To Pay Penn Virginia $45 Mln, Upon Termination Of Deal
Monday, 29 Oct 2018 

Oct 29 (Reuters) - Denbury Resources Inc ::PENN VIRGINIA SAYS UPON TERMINATION OF DEAL WITH DENBURY UNDER CERTAIN CIRCUMSTANCES, CO TO PAY DENBURY/ DENBURY TO PAY CO $45 MILLION - SEC FILING.  Full Article

Denbury To Acquire Penn Virginia In $1.7 Billion Transaction
Monday, 29 Oct 2018 

Oct 28 (Reuters) - Denbury Resources Inc ::DENBURY TO ACQUIRE PENN VIRGINIA IN $1.7 BILLION TRANSACTION.DENBURY - CONSIDERATION WILL CONSIST OF 12.4 SHARES OF DENBURY COMMON STOCK AND $25.86 OF CASH FOR EACH SHARE OF PENN VIRGINIA COMMON STOCK.DEAL IMMEDIATELY ACCRETIVE TO CASH FLOW PER SHARE AND OTHER KEY PER-SHARE METRICS.TRANSACTION WAS UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.INTENDS TO FINANCE TRANSACTION WITH A COMBINATION OF EQUITY, DEBT AND CASH ON HAND..HAS RECEIVED FINANCING COMMITMENT LETTER FROM JPMORGAN CHASE BANK, N.A. FOR NEW $1.2 BILLION SENIOR SECURED BANK CREDIT FACILITY.  Full Article

Penn Virginia Corp Enters Borrowing Base Increase Agreement And Amendment No. 5 To Credit Agreement
Friday, 26 Oct 2018 

Oct 26 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA CORP SAYS ENTERED BORROWING BASE INCREASE AGREEMENT AND AMENDMENT NO. 5 TO CREDIT AGREEMENT - SEC FILING.AMENDMENT AMENDS CREDIT AGREEMENT DATED AS OF SEPT 12, 2016 TO INCREASE BORROWING BASE FROM $340.0 MILLION TO $450.0 MILLION.  Full Article

Penn Virginia Q2 Adjusted Earnings Per Share $2.46
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS SECOND QUARTER 2018 RESULTS AND PROVIDES OPERATIONAL UPDATE.Q2 ADJUSTED EARNINGS PER SHARE $2.46.Q2 LOSS PER SHARE $0.17.Q2 EARNINGS PER SHARE VIEW $2.25 -- THOMSON REUTERS I/B/E/S.PRODUCED 22,200 BOEPD FOR Q2.PENN VIRGINIA - ON WAY TO ACCOMPLISH STATED GOAL OF GROWING PRODUCTION BY OVER 120% FOR 2018 AFTER ADJUSTING FOR RECENT OKLAHOMA ASSET SALE.SEES HIGHER CAPITAL PROGRAM FOR 2018 OF BETWEEN $390 MILLION AND $410 MILLION.QTRLY OIL PRODUCTION UP 33% OVER Q1 2018 LEVELS TO 16,465 BARRELS OF OIL PER DAY.BENEFITS REALIZED FROM CHANGE IN PLAN OF DEVELOPMENT, INCREASE IN 2018 CAPITAL PLAN EXPECTED TO OCCUR PRIMARILY IN 2019.SEES Q3 PRODUCTION 23,500 BOEPD - 24,500 BOEPD.SEES Q4 PRODUCTION 28,500 BOEPD - 30,500 BOEPD.  Full Article

Penn Virginia Announces Initiative To Evaluate Strategic Alternatives
Monday, 23 Jul 2018 

July 23 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES INITIATIVE TO EVALUATE STRATEGIC ALTERNATIVES.PENN VIRGINIA CORP - INTENDS TO EVALUATE RANGE OF STRATEGIC ALTERNATIVES INCLUDING CORPORATE SALE, MERGER/OTHER BUSINESS COMBINATION.  Full Article

KLS Diversified Asset Management Cuts Stake In Penn Virginia To 5.8 Pct As Of May 15 From A Stake Of 7.8 Pct As Of Jan 18
Thursday, 17 May 2018 

May 17 (Reuters) - Penn Virginia Corp ::KLS DIVERSIFIED ASSET MANAGEMENT LP CUTS STAKE IN PENN VIRGINIA CORP TO 5.8 PERCENT AS OF MAY 15 FROM A STAKE OF 7.8 PERCENT AS OF JAN 18 - SEC FILING.  Full Article

Morgan Stanley Reports 5 Pct Passive Stake In Penn Virginia Corp As Of April 4
Friday, 13 Apr 2018 

April 13 (Reuters) - Morgan Stanley::MORGAN STANLEY REPORTS 5.0 PCT PASSIVE STAKE IN PENN VIRGINIA CORP AS OF APRIL 4 - SEC FILING.  Full Article

RPT-U.S. energy firms chasing oil price rally stumble on old baggage

NEW YORK, June 14 With oil price recovery taking hold, several U.S. oil and gas companies entered 2018 with a compelling plan - sell undeveloped or less essential fields and invest the money to boost returns from their sweetest, most productive spots.