Leverage E&P's | AXAS Message Board Posts

Abraxas Petroleum Corporation

  AXAS website

AXAS   /  Message Board  /  Read Message

 

 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  10092 of 10115  at  12/6/2018 9:47:45 AM  by

iyacyas6

The following message was updated on 12/6/2018 9:50:35 AM.

Leverage E&P's

Starting to face another round of pain (SN down 44% today, getting crushed, looks like a gonner)

Sanchez Energy Announces Engagement of Financial Advisor to Explore Strategic Alternatives
HOUSTON, Dec. 04, 2018 (GLOBE NEWSWIRE) -- Sanchez Energy Corporation (NYSE: SN) today announced that it has engaged Moelis & Company LLC as financial advisor to explore strategic alternatives to strengthen its balance sheet and maximize the value of the company.

“Throughout this year, the company has been focused on taking critical steps to stabilize its production profile and reduce the capital intensity of the business. The responsive actions taken by our team are beginning to result in increased operating margins and cash flow as we head into 2019,” said Tony Sanchez, III, President and Chief Executive Officer of Sanchez Energy. “However, these operational challenges, combined with volatility in the commodity markets and the company’s leverage, led the company to review opportunities to improve its financial flexibility for continued success in the future.”

The company and management are evaluating strategic alternatives to help provide the company with financial stability, but no assurances can be given as to the outcome or timing of the process. The company does not intend to make any future announcements concerning this process unless and until the company otherwise determines that disclosures are necessary or appropriate.

ABOUT SANCHEZ ENERGY CORPORATION
Sanchez Energy Corporation (NYSE: SN) is an independent exploration and production company focused on the acquisition and development of U.S. onshore unconventional oil and natural gas resources, with a current focus on the Eagle Ford Shale in South Texas. For more information about Sanchez Energy Corporation, please visit our website: www.sanchezenergycorp.com.

COMPANY CONTACT:
Kevin Smith
VP Investor Relations
(281) 925-4828

Cham King
Investor Relations & Capital Markets
(713) 756-2797

General Inquiries: (713) 783-8000
www.sanchezenergycorp.com


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 0     Views: 68
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board

Replies
Msg # Subject Author Recs Date Posted
10093 Re: Leverage E&P's mktownson 2 12/6/2018 10:46:20 AM


About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2018 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...