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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

33.95USD
14 Dec 2017
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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 

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 

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 

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

Mangrove Partners Master Fund reports 9.4 percent stake in Penn Virginia Corp
Friday, 1 Sep 2017 

Sept 2 (Reuters) - Penn Virginia Corp :Mangrove Partners Master Fund reports 9.4 percent stake in Penn Virginia Corp as of Aug 24 - SEC filing.Mangrove Partners Master Fund says on Aug 24, it discussed with Penn Virginia Corp's chairman regarding composition and size of co's board.Mangrove Partners Master Fund says purchased securities of Penn Virginia Corp based on the belief that such securities, when purchased, were undervalued.  Full Article

Penn Virginia Corp board names John Brooks CEO
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Penn Virginia Corp :Penn Virginia Corporation board names John Brooks chief executive officer; Harry Quarls appointed executive chairman.Penn Virginia Corp - ‍Appointment of John A. Brooks as president and chief executive officer and as a director of company is effective August 15, 2017​.  Full Article

Penn Virginia Corp reports Q2 earnings per share $1.42
Wednesday, 9 Aug 2017 

Aug 9 (Reuters) - Penn Virginia Corp -:Penn Virginia Corporation reports second quarter 2017 results and provides operational update.Q2 earnings per share $1.42.Q2 earnings per share view $0.59 -- Thomson Reuters I/B/E/S.Penn Virginia Corp - ‍production reached 10,159 boepd in q2 of 2017, of which 74% was crude oil, an increase of approximately 8% over Q1 of 2017​.Anticipates a decline in volume in Q3 compared to Q2 due to a delay in completion of eight-well "super pad" to late in q3.Penn Virginia -expects total 2017 production volumes to range between 3.9 and 4.1 mmboe, or 10,600 to 11,200 boepd, with about 73% comprised of crude oil.Penn Virginia Corp qtrly ‍total product revenues $36.3 million versus $37.2 million.Says capital spending for full year 2017 is anticipated at $140 million to $160 million.  Full Article

Penn Virginia files for mixed shelf of upto $600 mln
Thursday, 16 Mar 2017 

Penn Virginia Corp :Penn virginia corp - files for mixed shelf of upto $600 million - sec filing.  Full Article

Penn Virginia files for chapter 11 bankruptcy protection
Thursday, 12 May 2016 

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