|Bid||0.00 x 36900|
|Ask||0.00 x 321800|
|Day's Range||8.94 - 9.10|
|52 Week Range||3.41 - 9.26|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Cox Oil (“Cox”), a privately owned, independent oil and gas company, today announced the completion of the merger between affiliates of Cox (“Merger Sub”) and Energy XXI Gulf Coast, Inc. (“EGC”) (EGC), following the receipt of all required regulatory approvals and the satisfaction of all conditions to the merger agreement. Under the terms of the transaction, effective October 18, 2018, Cox acquired all outstanding shares of EGC common stock for $9.10 per fully diluted share in cash, for a total consideration of approximately $322 million. This represents a 21% premium to EGC’s closing share price on June 15, 2018.
Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (EGC) today provided an update regarding the closing of the merger with affiliates of Cox Oil LLC (“Cox”). EGC previously announced on October 10, 2018 that EGC and Cox jointly agreed to extend the closing date of the merger to October 17, 2018. EGC and Cox began the closing process at 7:15 a.m. Central Time this morning and expect to complete the merger within the next few hours.
Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (EGC) today provided an update regarding the closing of the merger with affiliates of Cox Oil LLC (“Cox”). EGC previously announced on September 10, 2018 that, on September 9, 2018, EGC and Cox jointly agreed to enter into Amendment No. 1 to the Agreement and Plan of Merger, which provided that the closing date of the merger would occur on October 10, 2018. Since the merger agreement amendment was signed in early September, Cox regularly provided EGC with detailed status updates, including that definitive documents, including definitive financing documents, are nearly complete. Based on Cox’s status updates, the companies have agreed to extend the required closing date to October 17, 2018.
Energy XXI Gulf Coast, Inc. (EGC) delivered earnings and revenue surprises of 44.44% and -5.03%, respectively, for the quarter ended June 2018. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / August 6, 2018 / Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York ...
NEW YORK , Aug. 2, 2018 /PRNewswire/ -- Ankers Biosciences, Inc. (AKER) Lifshitz & Miller announces investigation into possible securities laws violations in connection with allegations of improper recognition ...
NEW YORK , July 25, 2018 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm headquartered at the Empire State Building in New York City ...
The former chief executive of Energy XXI Ltd agreed to settle civil charges that he failed to disclose to investors more than $10 million in personal loans obtained from company vendors and a candidate for the company's board, the U.S. Securities and Exchange Commission said. John D. Schiller Jr agreed to settle the case without admitting or denying the charges, by paying a $180,000 penalty and not serving as an officer or director of a public company for five years, the SEC said on Monday. "Mr. Schiller cooperated fully with the SEC in its investigation and is happy to put this matter behind him with this settlement," Schiller's attorney, Barrett Reasoner, said.
A former chief executive of Energy XXI Ltd was charged on Monday with hiding more than $10 million in personal loans that he obtained from company vendors and a candidate for the company's board, the U.S. Securities and Exchange Commission said. The SEC said in a statement that former Energy XXI CEO John D. Schiller Jr. maintained an extravagant lifestyle using a highly leveraged margin account secured by his company stock. When he faced a margin call in 2014, he obtained $7.5 million in undisclosed personal loans from company vendors in exchange for business contracts, the SEC alleged in a complaint.
BERWYN, Pa. , July 13, 2018 /PRNewswire/ -- RM LAW, P.C. is investigating potential claims against the board of directors of Energy XXI Gulf Coast, Inc. ("EGC" or the "Company") (NASDAQ: ...
The Oil & Gas Conference® 2018 presenting companies: - 40 North American shale E&Ps - 7 international E&Ps - 10 other producers - 9 oilfield service providers - 9 private E&Ps, midstream and data providers ...
BALA CYNWYD, PA / ACCESSWIRE / July 10, 2018 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Energy XXI Gulf Coast, Inc. ("Energy XXI" or "the Company") (NASDAQ:EGC News) for possible breaches of fiduciary duty and other violations of federal and state law in connection with the sale of the Company to an affiliate of Cox Oil ("Cox"). Under the terms of the transaction, Energy XXI shareholders will receive only $9.10 in cash for each share of Energy XXI stock they own. The investigation concerns whether the Board of Energy XXI breached their fiduciary duties to shareholders and whether Cox is underpaying for the Company.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC are investigating the proposed sale of Energy XXI Gulf Coast, Inc.
This morning, WallStEquities.com covers the Independent Oil and Gas space to see how select stocks have fared at the close of the last trading session: Energy XXI Gulf Coast Inc. (NASDAQ: EGC), EnLink Midstream Partners L.P. (NYSE: ENLK), Enterprise Products Partners L.P. (NYSE: EPD), and EOG Resources Inc. (NYSE: EOG). Last Friday at the close, shares in Houston, Texas headquartered Energy XXI Gulf Coast Inc. ended flat at $9.00.
Energy XXI Gulf Coast, Inc. (EGC) has been on the move lately as the stock has risen by 19% in the past four weeks, and it is currently trading well above its 20-Day SMA