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Penn Virginia Corp (PVAC.OQ)

PVAC.OQ on NASDAQ Stock Exchange Global Select Market

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$38.22
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Volume
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$96.00
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Latest Key Developments (Source: Significant Developments)

Penn Virginia Reports Q1 Loss Per Share $2.56
Friday, 10 May 2019 

May 9 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $2.25.Q1 LOSS PER SHARE $2.56.Q1 EARNINGS PER SHARE ESTIMATE $1.81 -- REFINITIV IBES DATA.SAYS PRODUCED 24,692 BARRELS OF OIL EQUIVALENT PER DAY (74% CRUDE OIL) IN Q1 OF 2019, WHICH IS 53 PERCENT HIGHER THAN Q1 OF 2018.PENN VIRGINIA IS TARGETING YEAR-OVER-YEAR PRODUCTION GROWTH OF APPROXIMATELY 25% TO 30% FOR 2019.QTRLY TOTAL REVENUES $105.2 MILLION VERSUS $77.2 MILLION.SEES SECOND QUARTER PRODUCTION 27,000 BOEPD - 28,000 BOEPD.SEES FY CAPITAL EXPENDITURES $345 MILLION TO $365 MILLION.SEES FULL YEAR PRODUCTION 27,100 BOEPD - 28,300 BOEPD.  Full Article

Denbury And Penn Virginia Mutually Agree To Terminate Merger Agreement
Thursday, 21 Mar 2019 

March 21 (Reuters) - Denbury Resources Inc ::DENBURY AND PENN VIRGINIA MUTUALLY AGREE TO TERMINATE MERGER AGREEMENT.DENBURY RESOURCES INC - SPECIAL MEETING OF DENBURY STOCKHOLDERS, WHICH WAS TO BE HELD ON APRIL 17, 2019, WILL NOT TAKE PLACE.DENBURY - DIFFICULT MARKET CONDITIONS, OPPOSITION OF SOME PENN VIRGINIA SHAREHOLDERS, LED TO CONCLUDING DEAL WAS UNLIKELY TO GET NEEDED APPROVAL.  Full Article

Penn Virginia And Denbury Mutually Agree To Terminate Merger Agreement
Thursday, 21 Mar 2019 

March 21 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA AND DENBURY MUTUALLY AGREE TO TERMINATE MERGER AGREEMENT.PENN VIRGINIA CORP - UNDER TERMS, NEITHER CO NOR DENBURY WILL BE RESPONSIBLE FOR ANY PAYMENTS TO OTHER PARTY AS A RESULT OF TERMINATION.PENN VIRGINIA CORP - INTENDS TO PROVIDE AN OPERATIONAL AND GUIDANCE UPDATE NO LATER THAN ITS Q1 2019 EARNINGS REPORT IN MAY.PENN VIRGINIA CORP - SPECIAL MEETING OF PENN VIRGINIA'S SHAREHOLDERS, WHICH WAS TO BE HELD ON APRIL 17, 2019, WILL NOT TAKE PLACE.PENN VIRGINIA - BOARD DECIDED THAT "IT IS IN BEST INTERESTS OF" COMPANY AND SHAREHOLDERS TO MUTUALLY AGREE TO TERMINATE DENBURY MERGER AGREEMENT.  Full Article

Denbury And Penn Virginia Announce Deadline For Election Of Form Of Merger Consideration
Tuesday, 19 Mar 2019 

March 19 (Reuters) - Denbury Resources Inc ::DENBURY AND PENN VIRGINIA ANNOUNCE DEADLINE FOR ELECTION OF FORM OF MERGER CONSIDERATION.DENBURY RESOURCES - APRIL 16, 2019 IS ELECTION DEADLINE FOR RECORD HOLDERS OF SHARES OF PENN VIRGINIA'S STOCK TO ELECT FORM OF MERGER CONSIDERATION.  Full Article

Denbury Resources And Penn Virginia Announce Filing Of Definitive Proxy Materials For Merger
Monday, 4 Mar 2019 

March 4 (Reuters) - Denbury Resources Inc ::DENBURY AND PENN VIRGINIA ANNOUNCE FILING OF DEFINITIVE PROXY MATERIALS.DENBURY RESOURCES INC - SPECIAL MEETINGS SET FOR APRIL 17, 2019 TO VOTE ON TRANSACTION.DENBURY RESOURCES INC - SHAREHOLDERS OF CO, PENN VIRGINIA URGED TO VOTE "FOR" PROPOSALS RELATING TO MERGER.DENBURY RESOURCES INC - UPDATED PRELIMINARY PRO FORMA ESTIMATES FOR COMBINED COMPANY HAS OPERATING CASH FLOW OF $750 MILLION TO $950 MILLION BY 2021.DENBURY RESOURCES INC - SEES AVERAGE DAILY PRODUCTION OF 94 TO 102 MBOE PER DAY BY 2021.DENBURY RESOURCES INC - SEES OPERATING CASH FLOW OF $750 MILLION TO $950 MILLION BY 2021.  Full Article

Mangrove Partners Holds 9.5 Percent Stake In Penn Virginia Corp As Of November 13
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Denbury Resources Inc ::MANGROVE PARTNERS - ON NOV 13, REPRESENTATIVES FROM MANGROVE PARTNERS MET WITH SENIOR MANAGEMENT FROM BOTH DENBURY RESOURCES AND PENN VIRGINIA CORP.MANGROVE PARTNERS - DURING MEETING WITH DENBURY AND PENN VIRGINIA, MANGROVE SHARED BELIEF THAT AS COMBINED ENTITY, NOT OF INTEREST TO MANGROVE PARTNERS.MANGROVE PARTNERS SAYS INFORMED MANAGEMENT TEAMS OF PENN VIRGINIA AND DENBURY RESOURCES THAT INTENDS TO VOTE AGAINST PROPOSED TRANSACTION - SEC FILING.MANGROVE PARTNERS SAYS PLANNING TO SOLICIT PROXIES AGAINST DENBURY, PENN VIRGINIA DEAL, HIRED SEC COUNSEL, AND CURRENTLY INTERVIEWING PROXY SOLICITORS.MANGROVE PARTNERS SAYS IT HOLDS 9.5 PERCENT STAKE IN PENN VIRGINIA CORP AS OF NOVEMBER 13.  Full Article

Penn Virginia Q4 Loss Per Share $0.72
Thursday, 1 Mar 2018 

March 1 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA REPORTS FOURTH QUARTER AND YEAR-END 2017 RESULTS, PROVIDES OPERATIONAL UPDATE AND CLOSES PREVIOUSLY ANNOUNCED ACQUISITION.Q4 ADJUSTED EARNINGS PER SHARE $1.06.Q4 LOSS PER SHARE $0.72.EXPECTS 2018 PRODUCTION GROWTH OF ABOUT 125%.‍TOTAL PRODUCTION IN Q4 OF 2017 INCREASED APPROXIMATELY 32% FROM Q4 OF 2016, TO 1,135 THOUSAND BARRELS OF OIL EQUIVALENT​.PENN VIRGINIA'S TOTAL PROVED RESERVES AS OF DECEMBER 31, 2017 INCREASED APPROXIMATELY 47% TO 72.6 MMBOE.‍CAPITAL EXPENDITURES FOR 2018 ARE EXPECTED TO TOTAL BETWEEN $320 AND $360 MILLION​.‍IN 2018, COMPANY EXPECTS TO DRILL 22 XRL WELLS​.SEES Q1 2018 PRODUCTION 15,500 BOEPD TO 16,500 BOEPD.SEES 22,000 BOEPD TO 25,000 BOEPD PRODUCTION FOR FY 2018​.QTRLY TOTAL REVENUES $54.3 MILLION VERSUS $32.7 MILLION.  Full Article

KLS Diversified Asset Management Reports 7.8 Pct Stake In Penn Virginia
Monday, 29 Jan 2018 

Jan 29 (Reuters) - Penn Virginia Corp ::KLS DIVERSIFIED ASSET MANAGEMENT LP REPORTS 7.8 PERCENT STAKE IN PENN VIRGINIA CORP AS OF JANUARY 18, 2018 - SEC FILING‍​.  Full Article

Penn Virginia to Acquire Assets in Eagle Ford Shale
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Penn Virginia Corp ::PENN VIRGINIA ANNOUNCES ACCRETIVE ACQUISITION IN CORE AREA AND PROVIDES OPERATIONAL UPDATE ON SIGNIFICANT WELL RESULTS.PENN VIRGINIA CORP - ACQUISITION IS EXPECTED TO BE FUNDED WITH BORROWINGS UNDER COMPANY'S CREDIT FACILITY.PENN VIRGINIA CORP - AGREED TO ACQUIRE ASSETS IN EAGLE FORD SHALE, PRIMARILY IN GONZALES AND LAVACA COUNTIES, FROM HUNT OIL COMPANY FOR $86 MILLION IN CASH​.PENN VIRGINIA CORP - DEAL TO BE ACCRETIVE TO CO UNDER ALL MEASURES, INCLUDING EARNINGS, CASH FLOW AND NET ASSET VALUE PER SHARE.PENN VIRGINIA CORP - ‍COMPANY'S CAPITAL EXPENDITURES FOR 2018 ARE PROJECTED TO BE HIGHER DUE TO ANTICIPATED DRILLING ON ACQUIRED HUNT ACREAGE​.PENN VIRGINIA CORP - ANTICIPATE FULL YEAR 2018 PRODUCTION TO GROW APPROXIMATELY 120% FROM 2017.PENN VIRGINIA CORP - ‍ PRO FORMA GUIDANCE FOR 2018 FULL YEAR CAPITAL EXPENDITURES OF $320 MILLION - $360 MILLION​.PENN VIRGINIA CORP - ‍ EXPECTS TO FINANCE HUNT ACQUISITION WITH BORROWINGS UNDER COMPANY'S CREDIT FACILITY.PENN VIRGINIA - ‍IS IN DISCUSSIONS WITH ITS BANK LENDING GROUP TO AMEND AND INCREASE ITS CREDIT FACILITY BEYOND CURRENT BORROWING BASE OF $237.5 MILLION​.PENN VIRGINIA CORP - ‍COMPANY STILL EXPECTS TO SPEND WITHIN CASH FLOW BY YEAR-END 2018​.  Full Article

Contrarian Capital Management Llc Reports A 7.5 Pct Stake In Penn Virginia
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Contrarian Capital Management Llc: :CONTRARIAN CAPITAL MANAGEMENT LLC REPORTS A 7.5 PCT STAKE IN PENN VIRGINIA CORP <<>> AS OF DEC 6 - SEC FILING.CONTRARIAN CAPITAL MANAGEMENT ACQUIRED THE SHARES BECAUSE IT BELIEVED THAT SHARES WERE "UNDERVALUED" & REPRESENTED AN "ATTRACTIVE INVESTMENT OPPORTUNITY".  Full Article

Value of U.S. oil deals plunges 93 pct in 1st qtr as investors demand higher returns

HOUSTON, April 4 The value of U.S. oil and gas mergers and acquisitions fell to a 10-year low in the first quarter, according to data released on Thursday, as investors pushed shale producers that have driven a recent merger boom to focus on lifting shareholder returns rather than production.