HighPoint Resources Corporation (HPR) News
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HPR News Highlights
- HPR's 30 day story count now stands at 14.
- Over the past 21 days, the trend for HPR's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- BCEI, SAFE and PD are the most mentioned tickers in articles about HPR.
Latest HPR News From Around the Web
Below are the latest news stories about HighPoint Resources Corp that investors may wish to consider to help them evaluate HPR as an investment opportunity.
Bonanza Creek Energy Announces Completion of Merger with HighPoint ResourcesDENVER, April 01, 2021 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI) (the "Company" or "Bonanza Creek") today announced the successful completion of its merger with HighPoint Resources Corporation (NYSE: HPR) (“HighPoint”). The transaction was unanimously approved by the board of directors of each company, and was previously approved by Bonanza Creek stockholders and HighPoint stockholders at special meetings held independently on March 12, 2021. Further details regarding the transaction can be found in the report on Form 8-K that Bonanza Creek will file with the Securities and Exchange Commission today. Eric Greager, President and Chief Executive Officer, commented, “Today is an exciting day for Bonanza Creek. We sincerely appreciate the tireless efforts of the Bonanza Cr... |
Bonanza Creek Energy and HighPoint Resources Announce Expected Closing Date of MergerDENVER, March 26, 2021 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) and HighPoint Resources Corporation (NYSE: HPR) (“HighPoint”) today announced that they expect to close the previously announced merger (the “Merger”) on April 1, 2021. The closing of the Merger remains subject to the conditions set forth in HighPoint’s prepackaged plan of reorganization (the “Prepackaged Plan”), the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek, HighPoint, and Boron Merger Sub, Inc. (the “Merger Agreement”), the Transaction Support Agreement, dated as of November 9, 2020, by and among HighPoint, HighPoint Operating Corporation, Fifth Pocket Production, LLC, certain consenting holders of HighPoint Operating Corpor... |
HighPoint Resources Comments on Trading ActivityDENVER, March 24, 2021 (GLOBE NEWSWIRE) -- HighPoint Resources Corporation (NYSE: HPR) (the "Company" or "HighPoint") at the request of the New York Stock Exchange reports that it is not aware of any material, undisclosed corporate developments to account for the trading activity in HighPoint’s stock on March 24, 2021. The Company’s planned merger with Bonanza Creek Energy, Inc. (“Bonanza Creek”) remains on track to be consummated pursuant to the previously announced prepackaged plan of reorganization, which implements the merger and restructuring transactions as set forth in the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek Energy, Inc. (“Bonanza Creek”), HighPoint and Boron Merger Sub, Inc. (the “Merger Agreement”), and the Transaction Support ... |
3 Short Squeeze Candidates In The Energy SectorLow float stocks can be some of the most volatile stocks in the market. If you mix in a short squeeze, the potential short-term gains in a low float stock can be extreme. A stock's float is the number of shares that trade freely on the public market. Because insiders and institutional investors don’t typically trade their shares on a daily basis, those shares don’t typically contribute to a stock's near-term liquidity. Float is the number of shares that remain after accounting for insider and institutional ownership. Why Is It Important? When a stock gains positive momentum in the market, momentum buyers can rush in all at once. If a stock has a high short interest, short covering can quickly ramp up demand for shares, triggering a short squeeze. Since low float stocks have relatively f... |
Oil Rally Halted As European Vaccination Campaign StallsA combination of vaccine program setbacks and high crude stock levels saw oil prices fall at the start of the week, although bullish sentiment remains |
HighPoint Seeks Bankruptcy Protection to Close Merger DealHighPoint (HPR) files Chapter 11 bankruptcy petition in the U.S Bankruptcy Court of Delaware to restructure its debt and keep the previously-announced merger deal with Bonanza Creek (BCEI) alive. |
HighPoint Resources commences voluntary prepackaged Chapter 11 processHighPoint Resources (HPR) files for Chapter 11 bankruptcy protection and effectuate the previously announced prepackaged plan of reorganization.The prepackaged plan for reorganization will implement the merger and restructuring transactions contemplated under the Merger Agreement and Transaction Support Agreement dated November 9, 2020, by and among Bonanza Creek Energy (“Bonanza Creek”), HighPoint and Boron Merger (the “Merger Agreement”)... |
HighPoint Operating Corporation -- Moody's downgrades HighPoint's PDR to D-PD on bankruptcy filingRating Action: Moody's downgrades HighPoint's PDR to D-PD on bankruptcy filingGlobal Credit Research - 15 Mar 2021New York, March 15, 2021 -- Moody's Investors Service, ("Moody's") downgraded HighPoint Operating Corporation's (HighPoint) Probability of Default Rating to D-PD from C-PD. The outlook remains negative.Downgrades:..Issuer: HighPoint Operating Corporation.... Probability of Default Rating, Downgraded to D-PD from C-PDAffirmations:..Issuer: HighPoint Operating Corporation.... Corporate Family Rating, Affirmed Ca....Senior Unsecured Notes, Affirmed C (LGD5)Outlook Actions:..Issuer: HighPoint Operating Corporation....Outlook, Remains NegativeRATINGS RATIONALEHighPoint announced that it filed for bankruptcy under Chapter 11 on March 14, 2021, which has resulted in the downgrade ... |
HighPoint Resources Commences Voluntary Chapter 11 Proceedings with Votes from More Than 99% of Voting Stakeholders to Accept the Prepackaged PlanDENVER, March 14, 2021 (GLOBE NEWSWIRE) -- HighPoint Resources Corporation (“HighPoint” or the “Company”) (NYSE: HPR) today announced that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code (the “Chapter 11 Cases”) in the United States Bankruptcy Court for the District of Delaware (the “Court”) to effectuate the previously announced prepackaged plan of reorganization (the “Prepackaged Plan”) and consummate the transactions pursuant to the Agreement and Plan of Merger, dated as of November 9, 2020, by and among Bonanza Creek Energy, Inc. (“Bonanza Creek”), HighPoint and Boron Merger Sub, Inc. (the “Merger Agreement”). The Prepackaged Plan implements the merger and restructuring transactions contemplated under the Merger Agreement and TSA (as defined below). As previ... |
Bonanza Creek Energy, Inc. and HighPoint Resources Announce Results of Special Stockholder MeetingsDENVER, March 12, 2021 (GLOBE NEWSWIRE) -- Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) and HighPoint Resources Corporation (“HighPoint”) (NYSE: HPR) today announced the voting results of the Bonanza Creek and HighPoint special stockholder meetings in connection with the transactions pursuant to the Agreement and Plan of Merger, dated as of November 9, 2020, (the “Merger Agreement”) by and among Bonanza Creek, HighPoint and Boron Merger Sub, Inc. (the “Transaction”). At the special meeting of Bonanza Creek stockholders held today, 99.8% of the shares of Bonanza Creek common stock voting at the special meeting (approximately 86.8% of the total outstanding shares) were cast in favor of the issuance of Bonanza Creek common stock in connection with the Transact... |