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Carrizo Oil & Gas Inc (CRZO.OQ)

CRZO.OQ on NASDAQ Stock Exchange Global Select Market

8.63USD
20 Sep 2019
Change (% chg)

$-0.07 (-0.80%)
Prev Close
$8.70
Open
$8.57
Day's High
$8.93
Day's Low
$8.57
Volume
2,476,118
Avg. Vol
1,336,291
52-wk High
$26.67
52-wk Low
$7.45

Latest Key Developments (Source: Significant Developments)

Carrizo Oil & Gas Q2 Earnings Per Share $1.10
Thursday, 8 Aug 2019 

Aug 7 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES SECOND QUARTER RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.71 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $1.10.Q2 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES DATA.QTRLY TOTAL PRODUCTION OF 65,643 BOE/D, 15% ABOVE Q2 OF 2018 AND 6% ABOVE PRIOR QUARTER.QTRLY CRUDE OIL PRODUCTION OF 44,413 BBLS/D, 17% ABOVE Q2 OF 2018 AND 9% ABOVE PRIOR QUARTER.REDUCING 2019 DC&I CAPITAL EXPENDITURE GUIDANCE BY APPROXIMATELY 5% WHILE REITERATING 2019 PRODUCTION GUIDANCE.CARRIZO OIL & GAS - PRODUCTION VOLUMES DURING Q2 OF 2019 WERE 5,974 MBOE, OR 65,643 BOE/D, 15% HIGHER THAN Q2 OF 2018 AND 6% ABOVE PRIOR QUARTER.  Full Article

Callon To Acquire Carrizo In All-Stock Transaction
Monday, 15 Jul 2019 

July 15 (Reuters) - Callon Petroleum Co ::CALLON TO ACQUIRE CARRIZO IN ALL-STOCK TRANSACTION.CALLON TO ACQUIRE CARRIZO IN ALL-STOCK TRANSACTION.CALLON PETROLEUM CO - PROPOSED DEAL FOR TRANSACTION VALUED AT $3.2 BILLION..CALLON PETROLEUM CO - CARRIZO SHAREHOLDERS WILL RECEIVE A FIXED EXCHANGE RATIO OF 2.05 CALLON SHARES FOR EACH SHARE OF CARRIZO COMMON STOCK THEY OWN.CALLON PETROLEUM CO - EXPECTS TO REALIZE PRIMARY ANNUAL RUN-RATE SYNERGIES OF $100 - $125 MILLION IN ADDITION TO OPTIMIZED CAPITAL ALLOCATION OVER TIME.CALLON PETROLEUM CO - IMMEDIATELY ACCRETIVE TO EPS, CFPS, DEBT-ADJUSTED GROWTH PER SHARE AND NET ASSET VALUE PER SHARE.CALLON PETROLEUM CO - FOR Q2 OF 2019, CALLON EXPECTS DAILY PRODUCTION OF BETWEEN 40.0 AND 40.5 MBOED WITH APPROXIMATELY 77% COMING FROM OIL.CALLON PETROLEUM CO SEES DOUBLE-DIGIT PRODUCTION GROWTH AND OVER $100 MILLION OF FREE CASH FLOW IN 2020 AT CURRENT STRIP PRICING.CALLON PETROLEUM - FOR Q2 OF YEAR, CARRIZO EXPECTS CRUDE OIL PRODUCTION TO BE ABOUT 44,400 BBLS/D, EXCEEDING HIGH-END OF COMPANY'S GUIDANCE RANGE.CALLON - EXPECTS TO REALIZE PRIMARY ANNUAL RUN-RATE SYNERGIES OF $100 - $125 MILLION IN ADDITION TO OPTIMIZED CAPITAL ALLOCATION OVER TIME FROM DEAL.CALLON PETROLEUM CO - UPON CLOSING, BOARD OF DIRECTORS OF COMBINED COMPANY WILL CONSIST OF 11 MEMBERS.CALLON PETROLEUM-CARRIZO PRODUCTION DURING JUNE MATERIALLY IMPACTED BY WEATHER-RELATED DOWNTIME AT THIRD-PARTY GAS PROCESSING PLANT IN DELAWARE BASIN.  Full Article

Lion Point Capital LP Reports 5.1 Percent Share Stake In Carrizo Oil & Gas Inc As Of May 3 - SEC Filing
Monday, 6 May 2019 

May 6 (Reuters) - Carrizo Oil & Gas Inc ::LION POINT CAPITAL LP REPORTS 5.1 PERCENT SHARE STAKE IN CARRIZO OIL & GAS INC AS OF MAY 3 - SEC FILING.LION POINT CAPITAL LP SAYS ACQUIRED CARRIZO OIL & GAS' SHARES BASED ON REPORTING PERSONS’ BELIEFS THAT SHARES WERE "UNDERVALUED".LION POINT CAPITAL SAYS DISCUSSIONS WITH CARRIZO OIL & GAS' MANAGEMENT TO EXPRESS VIEWS ABOUT STRATEGIES, INCLUDING POTENTIAL MERGER COMBINATIONS.LION POINT - BELIEF COMBINATION BETWEEN CARRIZO & ANOTHER OPERATOR COULD BENEFIT SHAREHOLDERS BY INCREASING SIZE, SCALE OF CO’S OPERATIONS IN PERMIAN BASIN.  Full Article

Carrizo Oil & Gas Enters Fourteenth Amendment To Credit Agreement Governing Revolving Credit Facility
Friday, 29 Mar 2019 

March 28 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS SAYS ON MARCH 27, ENTERED FOURTEENTH AMENDMENT TO CREDIT AGREEMENT GOVERNING REVOLVING CREDIT FACILITY - SEC FILING.AMENDMENT ESTABLISHES BORROWING BASE AT $1.35 BILLION, WITH ELECTED COMMITMENT AMOUNT OF $1.25 BILLION.  Full Article

Carrizo Oil & Gas Announces Public Offering Of Common Stock
Wednesday, 15 Aug 2018 

Aug 14 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES PUBLIC OFFERING OF COMMON STOCK.SAYS OFFERING 9.50 MILLION COMMON SHARES.CARRIZO OIL & GAS - TO USE PROCEEDS FROM OFFERING TO FUND PURCHASE PRICE FOR PENDING ACQUISITION OF ASSETS FROM DEVON ENERGY PRODUCTION CO.CARRIZO OIL & GAS - TO USE NET PROCEEDS FROM OFFERING TO FUND PURCHASE PRICE FOR PENDING ACQUISITION OF ASSETS FROM DEVON ENERGY PRODUCTION COMPANY.  Full Article

Carrizo Oil & Gas Q2 Adjusted Non-GAAP Earnings Per Share $0.79 Excluding Items
Tuesday, 7 Aug 2018 

Aug 6 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES SECOND QUARTER RESULTS.Q2 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.79 EXCLUDING ITEMS.Q2 EARNINGS PER SHARE $0.36.Q2 EARNINGS PER SHARE VIEW $0.68 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL PRODUCTION OF 57,077 BOE/D, 12% ABOVE Q2 OF 2017.QTRLY TOTAL REVENUES ABOUT $264 MILLION VERSUS $166.4 MILLION.  Full Article

Carrizo Oil & Gas Responds To Kimmeridge 13D Filing
Friday, 6 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS RESPONDS TO KIMMERIDGE 13D FILING.CARRIZO OIL & GAS SAYS "AGREES" WITH KIMMERIDGE ENERGY MANAGEMENT'S ASSESSMENT THAT ITS ASSETS ARE "CURRENTLY UNDERVALUED" RELATIVE TO PEER COMPANIES.BELIEVES EXECUTING ON ITS DEVELOPMENT PROGRAMS IN EAGLE FORD SHALE, DELAWARE BASIN WILL "REDUCE CURRENT DISCOUNT VALUATION IN ITS SHARES".MEMBERS OF CO'S MANAGEMENT TEAM & BOARD HAVE HAD ONGOING DISCUSSIONS WITH KIMMERIDGE ENERGY MANAGEMENT SINCE ITS STAKE IN CO'S STOCK IN 2017.  Full Article

KEMC Fund IV Gp, Llc Reports 8.1 Pct Stake In Carrizo Oil & Gas Inc As Of March 26, 2018 SEC Filing‍​
Thursday, 5 Apr 2018 

April 5 (Reuters) - Carrizo Oil & Gas Inc ::SEC FILING‍​.KEMC FUND IV GP SAYS ACQUIRED CARRIZO OIL & GAS' SHARES IN THE BELIEF THAT THE SHARES ARE UNDERVALUED AND ARE AN ATTRACTIVE INVESTMENT.KEMC FUND IV GP SAYS KIMMERIDGE PRINCIPALS HAD NUMEROUS CONSTRUCTIVE DISCUSSIONS WITH CARRIZO OIL & GAS' MANAGEMENT ON CO'S BUSINESS, STRATEGIES.CORE ASSETS & PARTIAL SALES IN EAGLE FORD, UTICA, MARCELLUS, NIOBRARA & REPAYMENT OF DEBT ARE POSITIVE STEPS FOR CARRIZO OIL.BELIEVES CARRIZO OIL & GAS SHOULD "STRONGLY" CONSIDER SPECIFIC ACTIONS THAT CAN BE TAKEN TO ENHANCE AND MAXIMIZE SHAREHOLDER VALUE.PLAY.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD MERGE WITH ANOTHER OPERATOR WITH PERMIAN OVERLAP TO INCREASE SCALE.KEMC FUND IV GP SAYS BELIEVES CARRIZO OIL SHOULD EXIT PART OF EAGLE FORD POSITION & USE PROCEEDS TO REPURCHASE SIGNIFICANT PORTION OF COMMON STOCK.BELIEVE CARRIZO OIL WILL NOT BE ABLE TO INCREASE SCALE IN PERMIAN SUFFICIENTLY ABSENT MAJOR A SALE OR MERGER.IF CARRIZO OIL BOARD IS UNABLE/UNWILLING TO EXECUTE VIABLE STRATEGIC PATH IN 12 MONTHS, KEMC BELIEVES SHAREHOLDERS WOULD BE BEST SERVED BY SALE OF CO.  Full Article

Carrizo Oil & Gas Announces Closing Of DJ Basin Divestiture And Partial Redemption Of Its 7.50% Senior Notes Due 2020 And 8.875% Redeemable Preferred Stock
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES CLOSING OF DJ BASIN DIVESTITURE AND PARTIAL REDEMPTION OF ITS 7.50% SENIOR NOTES DUE 2020 AND 8.875% REDEEMABLE PREFERRED STOCK.CARRIZO OIL & GAS - ‍ON JAN 19, GAVE NOTICE TO TRUSTEE FOR 7.50% SENIOR NOTES DUE 2020 CALLING FOR REDEMPTION OF $100 MILLION OUTSTANDING NOTES​.  Full Article

Carrizo Oil & Gas Announces Divestiture Of A Portion Of Eagle Ford Acreage
Tuesday, 12 Dec 2017 

Dec 12 (Reuters) - Carrizo Oil & Gas Inc ::CARRIZO OIL & GAS ANNOUNCES THE DIVESTITURE OF A PORTION OF ITS EAGLE FORD ACREAGE.CARRIZO OIL & GAS ANNOUNCES THE DIVESTITURE OF A PORTION OF ITS EAGLE FORD ACREAGE.CARRIZO OIL & GAS INC - ‍AN AGREEMENT TO DIVEST A PORTION OF ITS ASSETS IN EAGLE FORD SHALE FOR $245 MILLION IN CASH​.CARRIZO OIL & GAS INC - ‍PRODUCTION ASSOCIATED WITH DIVESTITURE ACCOUNTS FOR LESS THAN 10% OF COMPANY'S TOTAL IN EAGLE FORD SHALE​.CARRIZO OIL & GAS - DIVESTED ASSETS INCLUDE ABOUT 24,500 NET ACRES AND HAD ASSOCIATED NET PRODUCTION DURING Q3 OF 2017 OF APPROXIMATELY 3,400 BOE/D.CARRIZO OIL & GAS-‍FOLLOWING CLOSE OF DEAL,CO WILL HOLD ABOUT 78,500 NET ACRES IN EAGLE FORD SHALE,EXCLUSIVELY LOCATED WITHIN CORE VOLATILE OIL FAIRWAY​.  Full Article

Paulson's hedge fund calls on Callon to drop merger, sell itself

Billionaire investor John Paulson's hedge fund on Monday urged Callon Petroleum Co to drop its proposed $3.2 billion acquisition of Carrizo Oil & Gas Inc , and instead consider selling itself.